Managers of Wealth Asia Pacific

HKMA: «The Black Swan Has Arrived»

Performance figures for the Exchange Fund will be released in May.

Using Captives to Insure Against Black Swan Events

As popularized by finance professor and Wall Street trader Nassim Nicholas Taleb in relation to financial markets, the term “black swan” refers to a rare or low-probability event that deviates from what is normally expected but poses critical

Losses on Bank of China crude oil investment product could hit $1.3 billion - report

The Bank of China last week settle trades after WTI futures prices fell below $0 for the first time, ending at minus $37.63 per barrel as traders paid to get rid of their oil.

Why gold is the dollar’s only real challenger among global currencies

While the greenback is set to remain strong in the short term, its purchasing power may diminish if excessive stimulus measures continue

ANZ accused of exploiting staff

All staff at ANZ in Australia have been asked to use their accrued leave, even though holiday plans have been left in disarray as a result of COVID-19 travel bans.

CFA Institute: Investor protections improve in Asia Pacific as regulators focus on sales inducements

The report examines regulations and industry practices around sales inducements in a number of financial markets including Australia, Hong Kong SAR, India and Singapore.

HKMC’s Financial Results Highlights for 2019

Approved 676 applications (2018: 782 applications) under the RMP, with an average property value of HK$6.2 million and an average monthly payout of HK$17,700

HK regulator grants banking licence to China Guangfa Bank

After the granting of a banking licence to CGB, the number of licensed banks in Hong Kong is 163.

Luckin Collapse Adds to Credit Suisse’s Asian Loan Losses

The bank provided about $100 million in margin loans before accounting fraud allegations at the Chinese company triggered a collapse in the stock this month.

Franklin Templeton Winds Down Six Credit Schemes Citing Illiquidity

This decision has been taken in order to protect value for investors via a managed sale of the portfolio,” the asset manager said in a statement.

Schroders preps another income fund in Singapore

At least seven mixed-asset products have been launched in the Lion City since 2019.

Insolvency Disputes: The Effect of Failing to Challenge a Statutory Demand

Before turning to the decision in Walton, it is helpful to note the key authorities that are relevant to this issue.

Capital Markets in the current climate

Capital markets and structured finance encompass a variety of asset types that have already been directly affected by the outbreak.

Risk advisers under fire

The data indicated that the claims paid ratio for group total and permanent disability insurance was 85%, compared to 45% on retail policies.

PrimePartners Group Invests in North Ridge Partners to Form Leading Regional Technology Investment Banking Platform

With their combined capability and reach across the Asia Pacific region, PPG and North Ridge Partners will provide a complete investment banking offering for technology companies through capital raising, secondary placements, M&A, IPO

Fed policy lays the foundation for gold

With COVID-19 infections and their associated lockdowns ravaging demand across sectors of the US economy

Resolving disputes via court proceedings and mediation during the Covid-19 pandemic in Singapore

In this short article, we highlight two key dispute resolution processes that affected parties may turn to in the relatively new landscape of online dispute resolution.

MAS and SGX RegCo to Safeguard Interests of Unitholders of Eagle Hospitality Trust

Trading of Eagle Hospitality Trust (EHT) [3] units was voluntarily suspended on 24 March 2020, after EH-REIT defaulted on a loan of US$341 million.

Large Korean bank to pay $35 mln fine for violating anti-money laundering law -NY state

Linda Lacewell, superintendent of New York’s Department of Financial Services, said the settlement resolved charges that IBK violated New York’s Bank Secrecy Act and anti-money laundering laws.

Appleby advises STX Entertainment on merger with Eros International

The merger-of-equals transaction, which is subject to regulatory approvals and closing conditions and is expected to close in the second calendar quarter of 2020

Legal, Regulation & Compliance