Managers of Wealth Asia Pacific

China's Hong Kong signs tax pact with Georgia to avoid double taxation

This CDTA will come into force after being approved by related authorities of both sides.

APRA rolls out new assessment model

APRA may skip the supervisory stages depending on whether an entity needs increased supervision.

Singapore impact firm obtains HK licences

Earlier this year, 8F Asset Management attracted at least $300m for its first fund from family offices and institutions globally, including Asia.

AmBank Group implements Kamakura Risk Manager for Basel 3 LCR and NSFR

The Basel Committee on Banking Supervision reformed the LCR and NSFR ratios in response to the financial crisis to ensure that banks hold sufficient reserves of high-quality liquid assets and have adequate stable funding, to promote a more resilient bank

1MDB Trial of Najib Razak Delayed by Quarantine

At 3.5 million, the state of Sabah represents a little over 10 percent of Malaysia’s overall population of nearly 32 million.

ANZ fined $10 million by Asic after unlawfully levelling $3 million in customer fees

ASIC acknowledges the cooperative approach taken by ANZ to this litigation, which allowed the matter to be efficiently resolved by the Court.

Carey Olsen makes offshore shortlist at HFM Asia Services Awards 2020

The offshore category is one of 28 awards to be announced on the night

HKMA Directs Banks to Review, Enhance Sales Practices

In a new report, the HKMA has summarised the findings and good practices identified by the mystery shoppers.

How EY missed the chance to stop Wirecard’s fraud

Auditors continued to sign off payment group’s accounts even after a whistleblower’s tip

UK manager Man AHL gets China foreign investor licence

“We are excited to be one of the few systematic fund managers that have been granted a QFII licence so far, and to thereby gain wider access to China’s highly developed and liquid onshore market,” Antoine Forterre, co-chief exec

Europe rushes to standardize ESG securities sold to Asian investors

Regulators seek increased transparency, disclosure for firms and products

India pledges to pay interest for small debtors hurt by lockdown

Banks will have to forgo six trillion rupees if interest on all loans are waived off, according to the government's affidavit.

Eagle hospitality trust directors arrested in Singapore

Section 203 of the Securities and Futures Act deals with the responsibilities of corporate officers to make necessary disclosures to the Exchange.

Director pleads guilty to breaching directors’ duties

At the time of the conduct, a contravention of s184 (2) of the Corporations Act 2001 attracted a maximum penalty of 200 penalty unit or imprisonment for 5 years, or both.

RegTech Asia 2020: Regulatory Reporting & Data Management

Patricia Lee, Contributor at Regulation Asia, spoke to experts to find out how regulatory reporting requirements have been changing in APAC and what this has meant for data management practices at financial institutions.

SGX RegCo Publishes Regulatory Guide on Algorithmic Trading

The regulatory guide also recommends member firms put in place robust risk controls

HKMA Pushes Forward Green & Sustainable Banking Initiatives

This has already been used to complete the first round of self-assessments by 47 authorised institutions.

Wirecard: Singapore Businessman Hit With Five More Charges

Citadelle reportedly handled money for Wirecard in a trustee capacity, although it was not licensed to do so in Singapore.

Hong Kong Launches Consultation on Anti-Money-Laundering Guidelines

The SFC seeks comments primarily on institutional and customer risk assessments

FASEA releases August Exam Results

Over 11,180 advisers have sat the exam with 9 in 10 demonstrating they have the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam,” FASEA Chief Executive Officer Steph

Legal, Regulation & Compliance