Managers of Wealth Asia Pacific

PBoC: Ant IPO Could Be Revived

Yi added that while financial innovation has been beneficial for financial inclusion and lower transaction costs, there were risks to consider such as consumer protection and misuse of monopoly power.

Some BOJ policymakers called for making ETF buying flexible, minutes show

A few members also said the central bank must enhance the sustainability of YCC including by tweaking its operations, so it can respond to economic shocks in a timely way, it showed.

Riding the Growth Momentum in Asia

The COVID-19 global health crisis has led to the deepest economic downturn in eight decades.

Regulatory Intervention Needed for JPY LIBOR Transition – Fitch

JPY LIBOR exposures are large, at around JPY 3 quadrillion (USD 29 trillion) for financial institutions based in Japan, roughly two-thirds of which expire after end-2021.

Korea FSS to Order Banks to Compensate Lime Fund Investors

The FSS’ financial dispute arbitration process would usually take place after the exact amount of losses has been calculated, which is expected to take around five years.

Shanghai to be financial hub for yuan-denominated assets

Foreign institutions to increase participation in sectors like securities, insurance

Singapore: Evolving data privacy laws and what it means to privacy professionals

There is a rising trend where you see people suing for damages en masse, via a class action

RBI imposes ₹2 crore penalty on Standard Chartered Bank

The penalty has been imposed for delays in reporting of frauds to RBI, revealed during the statutory inspection of the bank with reference to its financial position as on March 31, 2018 and March 31, 2019

South Korean Regulator Announces Measures to Promote ESG and Responsible Investing

Regulators in South Korea continued to progress sustainable finance market development activities in August 2020, when the FSC convened the first meeting of its Green Finance Task Force.

China limits foreign laws' application to Chinese companies

The rules do not apply to any foreign laws and other measures provided for in treaties or international agreements to which China is a signatory.

China's growing power scaring ordinary savers out of Hong Kong

The Hong Kong police cited money laundering as the reason for requesting the accounts be frozen

China Cybersecurity and Data Protection: Monthly Update – Jan 2021 Issue

The Civil Code came into force on 1 January 2021, and provides for civil law protection of personal information.

Hong Kong and Thailand plan MRF scheme

The SFC has also signed similar agreements with Netherlands, mainland China, Switzerland, the UK, Luxembourg and France.

Hong Kong, Thai regulators sign cross-border fund distribution pact

SFC Chief Executive Officer Ashley Alder says it’s a “major expansion” of Hong Kong’s Asia MRF network while the head of the Thai regulator describes the move as a “significant milestone” in bilateral cooperation.

China’s Central Bank Signals Break-Up Risk for Non-Bank Players

According to guidelines released earlier this month, the PBoC defines a digital payments monopoly as any non-bank service provider with at least half of the market share for online transactions.

Malaysia Expands Sustainable Sukuk and Bonds Grant Scheme

As at December 2020, MYR 5.4 billion of SRI sukuk have been issued under the SRI Sukuk Framework, of which MYR 3.1 billion are also recognised under the ASEAN Standards.

BNM Extends Flexibility to Use Govt Securities to Meet SRR

The SRR ratio itself remains unchanged at 2.00%. BNM lowered the SRR by 100 basis points in March, and 50 basis points in November 2019.

Dentons' lawyers across the Asia Pacific recognized by Chambers Asia Pacific 2021

"You can count on them to provide perspectives that you never realised existed.I would recommend them unreservedly," said a client of Dentons to Chambers Asia Pacific's researchers.

Legal 500 recognition for Carey Olsen in Asia

A leading directory for the legal industry, Legal 500 grades law firms following a thorough and independent research process, which includes interviews with clients and peers as well as information provided by the firms themselves.

GLEIF Enhances LEI Search Engine, Automates Access to LEI Data

LEI Search 2.0 expands the number of search parameters available and provides a new option to view historical changes to any data field of an LEI, from 2018 onwards.

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