Managers of Wealth Asia Pacific

ASIC's Shipton confirms retaining top legal team

Shipton said he had retained the high-powered lawyers because of the matters which had been raised by the ANAO.

EBRD and AIIB streamline co-financing procedures

AIIB is a multilateral development bank whose mission is financing Infrastructure for Tomorrow

China said to ask banks to curtail credit for rest of year

The comments give further detail to what the central bank stated publicly after the meeting, when it said it asked representatives of 24 major banks to keep loan growth stable and reasonable.

Singapore: IRAS issues transfer pricing guidance on centralized activities in MNE groups

Due to the myriad of activities that may be centralized, the headquarters may encounter many different risks.

China drafts tougher capital rules for its too-big-to-fail banks

Chinese authorities have started to evaluate systemically important banks this year by measuring assets of the nation’s 30 largest lenders.

The Republic of Maldives successfully prices its debut sovereign US$200 million 5-year Sukuk issuance

The Senior Unsecured 144A/ Reg S Sukuk will be issued from the recently established Maldives Sukuk Issuance Limited’s US$1.0 billion Trust Certificate Issuance Programme

Mizuho eyes seeking Hitachi compensation for system crash

Bank blames faulty hardware for March 11 stoppage in foreign currency transfers

ByteDance says India's freeze on bank accounts is harassment

None of ByteDance India's employees have been paid their March salaries due to the account freeze, said two people familiar with the matter.

BOJ, FSA Highlight Ongoing Initiatives to Address Climate Risk

Last week, BOJ governor Haruhiko Kuroda said the central bank is engaged in active dialogue with financial institutions on measuring climate-related financial risks, as well as a framework and methods to manage such risks.

FSC Korea Addresses Pandemic Impact on SME Credit Scores

The pandemic has led to credit rating downgrades and consequently rising borrowing costs which have significantly affected South Korean SMEs.

ASIC Reassesses Tools for Enforcing Disclosure Rules

Armour also noted that criminal proceedings are currently rarely used for market disclosure breaches.

Appleby's Hong Kong Office Acts as BVI and Cayman Islands Counsel for Times China Holding

The team was led by Partner Chris Cheng, supported by Legal Executive Connie Wu.

Vistra secures Australian Foreign Investment Review Board approval for acquisition of Mainstream

Vista and Mainstream are a good strategic and geographic fit.

Rice Warner acquired by Deloitte

Rice Warner has grown to become one of the largest independent actuarial firms in Australia

ASIC sues CBA over monthly fees

ASIC alleges that CBA incorrectly charged monthly access fees to customers

APRA takes action against Macquarie

The breaches are historical and do not impact on the current overall soundness of Macquarie Group’s capital or liquidity positions.

World’s top pension fund faces moment of truth on China debt

Those relations may get even frostier if Japan bows to pressure to join other major democracies in imposing sanctions on China.

Asian SPAC listings face stern test as regulators consider rule changes

consultations with industry executives, referring to SPAC listing prospects in Asia.

Hedge Fund Collapse Sparks Billions in Losses for Banks

Nomura, Japan’s largest investment bank, said it is facing a possible USD 2 billion loss.

Hong Kong's IPO market reaches historical high in terms of total proceeds for Q1 2021, finds KPMG analysis

The A-share IPO market remains active, TMT and advanced industrials remain key drivers

Legal, Regulation & Compliance