Asia
hk regulator in legal action against big fours
Hong Kongs Securities & Futures Commission has taken legal action against the Hong Kong arm of UK-based Big Four accounting firm Ernst & Young, for failing to produce key accounting records of a mainland company that had sought a stock market listing in Hong Kong three years ago.
barclays targets uhnw in singapore with
Barclays has set up an Independent Asset Managers team in Singapore to target the ultra high net worth market.
capital platforms adds brooklands sipp
Capital Platforms, the Singapore-based platform provider recently launched by the original founders of Boston Direct Management, has added the Brooklands SIPP to its suite of products available to its adviser clients.
regulation severity cuts off ifa choice
Tightening regulation is restricting the investment choice financial advisers in Hong Kong are able to offer their clients and stifling their ability to do business, according to IFAs based in the territory.
merrill lynch fined hk3 5m for regulatory failings
Global banking giant Merrill Lynch has been fined HK$3.5m ($450,000, £290,000) by the Hong Kong financial regulator over a fraud committed by one of its former employees.