Managers of Wealth Asia Pacific

“Fairness Metrics” to Aid Responsible AI Adoption in Financial Services

These metrics will help financial institutions validate the fairness of their AIDA solutions in the two use cases.

World Bank approves $500-million loan to boost PH's pandemic response

The World Bank previously approved several financial packages to help the country in its coronavirus response.

Recognition and enforcement of Mainland judgments in Hong Kong

This article seeks to explain the requirements and processes of the enforcement of Mainland judgments in Hong Kong.

Australian regulator urges poorly performing pension funds to find buyers, exit industry

“For some the only way forward ... may be to exit the industry and pass on the trusteeship of their funds to others who are better equipped for the task.”

Asia Investment in the United States Preparation Brings Opportunities

This is especially true to the extent the initiative would help grow the US business in the US market and, through cooperative efforts with the Asia partner, enable a US company to expand its products and services in Asia markets.

Hong Kong regulator okays China A-shares leveraged and inverse products

The regulator didn’t specify the other indices that are now allowed.

India regulator mulls measures to lower fund redemption risks, report says

At present, a mutual fund is only required to have a minimum of 20 investors, and an individual investor can hold up to 25% of the net asset value.

Japanese FIs to Be Granted Easier Access to State Aid

The government will submit a bill to Parliament with a view to bringing the changes into force later this year.

Grow Super co-founder in alleged betting scandal

Grow did not name the other two employees who have stepped aside.

ATO cracks down on foreign investment

As part of its scrutiny of cross-border tax evasion, the Tax Office said it was reviewing schemes that involve foreign companies

Singapore to allow in-person meetings at financial institutions from June 2

The institutions will be able to have more staff on site to meet increased customer needs as some businesses re-open, and to service customers using both online and offline channels.

Thailand central bank governor won’t seek second term, report says

The news report quotes Mr. Rangsan as saying that candidates will be shortlisted by July 2.

China launches 5th central bank bill swap in 2020

Perpetual bonds are fixed-income securities with no maturity date and are not redeemable but pay a steady stream of interests forever.

US regulator settles with Ares

Ares Management LLC is a wholly-owned subsidiary of NYSE-listed Ares Management Corporation, which managed US $149 billion in assets under management at March end.

South Korea:Regulator warns against buying illegal offshore pension plans

The FSS added that a consumer who bought unauthorised foreign insurance products may be subject to a fine of up to KRW10m ($8,060).

Asia's rich brush aside risk to buy Chinese developer debt

Still, there's confidence that Beijing won't allow a property collapse at a time of slowing economic growth.

GSAM targets Hong Kong retail investors

The US-based firm has prepared four SFC-approved products for launch

Hong Kong Bar Association Flags Worrying Uncertainties

Hong Kong’s top officials have already publicly backed Beijing’s call to enact the law while traditional due process through the local legislature has yet to occur.

Thai central bank governor Veerathai will not seek 2nd term

Application for the BOT's top job will be open from May 26 to June 16

Australian wealth manager IOOF says class action to end without payouts

By that time, IOOF had lost half its market value and suffered the departure of its top executives.

Legal, Regulation & Compliance