Managers of Wealth Asia Pacific

Regulator to revise proposed terms on the executive pay policies of insurers and banks

The new draft responds to industry feedback from the initial consultation

Insurers urged to respond to new accounting standard

ASIC has outlined a number of key matters to be considered as part of any implementation plans.

FSB Finalises Guidance on Assessing CCP Financial Resources

The FSB prepared the guidance to support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for resolution that must be addressed.

Thailand regulator plans tighter rules for issuers of perpetual bonds, report says

Ms. Sirivipa says the regulator will hold a public hearing with market participants to see if they support the proposal to tighten the rules.

HKEX Proposes Revamp of Hong Kong IPO Settlement Process

The improved digital workflows and interactions will enable automation, operational precision and more robust risk controls throughout every IPO’s settlement journey, HKEX says.

ASIC consults on promoting access to affordable advice for consumers

This consultation is part of a broader piece of work by ASIC to understand how to improve access to personal advice for consumers.

Bank Negara still has room for monetary easing

Therefore, we maintain a 50% probability of a 25 basis points (bps) rate cut at the next Monetary Policy Committee meeting in January.

How 1MDB fugitive Jho Low tried to bargain for his freedom

In a series of conversations, the so-called mastermind behind the Malaysian financial scandal tries to avoid justice.

Philippines, Singapore central banks address cybersecurity risks

BSP and MAS are committed to working together and with other countries and authorities to promote an environment in financial services that fosters the development of the global economy.

Hong Kong banks lose appetite for prime space in world's costliest city as work-from-home becomes permanent after pandemic

From 2021, Standard Chartered plans to allow employees in nine markets, including Hong Kong, to apply for a formal flexi-working arrangement.

Australia's proposed relaxation to lending rules may not spur credit growth

The government said it is seeking to remove a one-size-fits-all approach. "Responsible lending has become restrictive lending," Treasurer Josh Frydenberg said.

Malaysia securities regulator launches framework to promote Islamic funds

The framework will integrate commercial with social objectives and enable investments for the greater good of society.

Southeast Asian Currencies Face Central Bank Hurdles This Week

Thai, Indonesia, Philippine central bank meetings are due

Asian central banks focus on managing systemic risk

Likewise, regulators also discussed the need to ensure adequate liquidity, anticipation of recoveries in 2021, and the timing of exit from expansionary policies.

AMP Capital shutters Aussie equities fund

AMP Capital has decided to close its 19-year old sustainable share fund, after its portfolio managers Genevieve Murray and Emily Woodland announced their resignations in August.

ASX market outage lasts all day

The ASX equity market paused trading this morning, and will not open until tomorrow morning.

OECD, UNDP Launch Plan to Align Global Finance with SDG Goals

According to new research from Standard Chartered, SDGs are not getting the investment needed to meet the targets by 2030.

Pimco obtains QDLP qualification

At least six foreign managers are expected to launch QDLP products in China this year.

Thai central bank agrees on cap for commercial banks' 2020 dividends payments

The measure was in line with guidelines from overseas regulators and would benefit financial institutions in the long run

ASIC Amends Proposed Intervention Order for Continuing Credit Contracts

The changes are to address potential unintended consequences of capturing certain sub-classes of continuing credit contracts that were not being issued to retail clients in the way described in CP 330.

Legal, Regulation & Compliance