Managers of Wealth Asia Pacific

David Chin: UBS May Increase Stake in China Joint Venture

The business of the internet giants contains an element of risk that may become relevant for the system if the regulator doesn't provide clear guidelines.

Group of Five Releases Climate-Related Financial Disclosure Prototype

The group of five reiterated support for the consultation proposed by the trustees of the International Financial Reporting Standards (IFRS) Foundation, which suggested the implementation of a global-focused Sustainability Standards Board (SASB).

FSC Korea Unveils Additional Measures to Curb Illegal Short Selling

To improve transparency, the FSC will expand disclosure of market makers’ rules and their transaction activities by instrument type.

Tax agent jailed after TPB Federal Court action

The TPB issued a statement that the sentence represented a welcome outcome after a protracted investigation and litigation, during which Mr Hacker continued to act illegally.

Hong Kong Partner David Bulley Named as "Merger and Acquisitions Lawyer of the Year" at the Lawyer Monthly Legal Awards 2020

David Bulley transferred to Appleby’s Hong Kong office in June 2020

BSP reforms lift PH in global financial inclusion rankings

The Philippines improved substantially and got a perfect score of 100 in the aspect of products and outlets

Leading law firm for 6 areas in 3 jurisdictions in Chambers Asia Pacific 2021

This recognition is a testament to the continued support from our clients and contacts who have taken the time to give thoughtful feedback.

Indonesia begins merger of 3 state-owned Islamic banks

Process to be completed by February, Bank Syariah Indonesia will be country’s largest Islamic bank

Almost 3000 advisers gone in 2020

He explained that the practices terminated by AMP were typically single-planner businesses with turnover of less than $300,000.

Taiwan Addresses Bank Misconduct With Higher Penalties: Fitch

Penalties totalling TWD 108 million have been imposed by the FSC since 2019, compared with TWD 18 million over 2016-2018 for similar misconduct.

Euroclear Bank, Japan Launch New Asset Class: ‘Origami Bonds’

Since the launch, three issuances have already occurred through Euroclear Bank.

Korea’s FIU Upgrades AML System to Boost Processing Capacity

The upgraded system utilises machine learning technology to assess and analyse money laundering activities.

APRA targets underperformers with first full refresh of MySuper Product Heatmap

APRA has also released a paper outlining key insights from the updated heatmap and its impact in improving member outcomes.

Queensland director disqualified from managing corporations for five years

Mr Humphries’ disqualification extends until 10 December 2025.

Nicholas Tam takes home top prize in Chartered Institute of Arbitrators Essay Competition

The submission required consideration of how arbitral tribunals could adapt, using technology to conduct hearings remotely, and how such measures could be reconciled against arbitral rules and norms.

Legal directory recognition for Carey Olsen's Singapore and Hong Kong offices

Carey Olsen's Singapore and Hong Kong offices are featured once again in the latest edition of Chambers Asia-Pacific.

Taiwan FSC Cautions New Digital Banks Against Price Wars

The FSC hopes that the digital banks would offer innovative services or products instead of setting unreasonably low prices to attract customers to ensure solid and sustainable development.

Chinese Watchdogs Suspends Top Rating Agency

The two executives also previously worked at Dagong Global Credit Rating which was also suspended from issuing ratings for a year in 2018 after it was spotlighted in a similar scandal where it was found overcharging rated firms for counseling.

HKMA Consults on Implementation of Revised CVA Risk Framework

The HKMA intends to implement the revised CVA risk framework closely aligned with the standards issued by the BCBS.

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

MSCI said it was only removing companies explicitly named in the executive order and not their subsidiaries or affiliated companies.

Legal, Regulation & Compliance