Managers of Wealth Asia Pacific

There will be no pension increase in September for the first time in 23 years.

This will be the first time since 1997 the pension hasn’t risen with indexation.

Baker McKenzie Advises Japan Finance Corporation on the Implementation of Cross-Border Loans

Baker McKenzie is one of the world's largest global law firms, with 77 offices in 46 countries.

BoJ Network Forbids Work-From-Home Traders

Nationwide, Japan’s business culture is oft-cited for a plethora of relatively outdated processes like the still widespread usage of fax or paper-heavy internal dealings.

Asian Central Banks Fear Return of USD Funding Stress

Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.

Powerwrap signs wealth boutique

“We are very pleased that Craig and Tim have chosen Powerwrap and we are working closely with them to transition their clients onto the platform.”

MAS Becomes First Asian Government Entity to Issue RFR Debt

Singapore is seen to be leading Asia in its preparation for the cessation of LIBOR at the end-of 2021. Earlier this month, MAS announced new initiatives to catalyse SORA markets.

APAC Regulators Issue Nearly $4bn in Fines in H1 2020

Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.

Law firm demands Pahari documents from AMP

The firm also wants to see all communications between Burns and AMP and AMP's lawyers regarding Szlakowski's complaint and the investigation, a copy of the draft report and all documents relating to the disciplinary action taken against Pahari.

Cayman Grand Court departs from Hong Kong Court in dismissing Winding-Up Petition

The Cayman Court adjourned the hearing of the Cayman petition pending judgment of the Hong Kong Court, so as to avoid conflicting judgments (noting that comity and cooperation are particularly important in cross-border insolvency).

No pension increase in September

Each payment is reviewed every six months, in March and September, to reflect changes in living costs and wages.

Singapore’s iFast Corp gets Malaysia regulator’s nod for securities dealing

The company had S$11.5 billion (US$8.41 billion) of assets under administration as at June 30, 2020.

FFIS Charts Growth of Public-Private Partnerships in New Report

The report finds that public-private financial information sharing partnership collaboration enhances the quality of regulatory reporting, and improves law enforcement outcomes to disrupt criminal networks.

Taiwan to Tighten Rules on Investments from Mainland China

The amendment will also extend the definition of whether a company is considered to be under the control of Chinese capital to include those that are under executive control of a Chinese organisation

1MDB scandal: Malaysia and Goldman finalise US$3.9 billion settlement

The firm must make a US$2.5 billion cash payment to Malaysia within 10 days, sources say

Singapore: Extending Jobs Support may only delay the inevitable - Retrenchments

Foreign investments, companies and talent have been at the cornerstone of our exponential growth as a nation.

MAS bans ex-Prudential agent and ex-Bank of Singapore staff for fraud, dishonest conduct

The orders took effect from 18 August 2020.

Football: Newcastle United in takeover talks with Singapore investors

The group added that the talks with Newcastle United owner and British businessman Mike Ashley had taken place in recent days and were ongoing.

AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year

Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest

China Rushes to Ramp Up Post-Sanction Defenses

Hong Kong is facing increasing pressure from Washington over the perceived undermining of freedoms in the city.

Credit Suisse Splits Up With Australian Partner

The decision to go their separate ways came after Jarden launched a new boutique with its headquarter in Sydney, according to a separate report by «Euromoney».

Legal, Regulation & Compliance