Managers of Wealth Asia Pacific

China gives full onshore debt access to Deutsche Bank and BNP

Decision marks country’s latest effort to open its financial sector as trade war bites

Financial exposure to HK declines

It is possible that the decline was simply a result of the Taiwanese financial sector’s normal business adjustments, the commission said.

ASIC's Magnificent Seven lay down the gauntlet

James Shipton and his new team is cracking the whip, but how will the corporate regulator deal with his 'internal disruptions' and unpredictable judges?

ASIC boosts legal firepower

The securities regulator can now match it with the big boys in corporate law, with an expanded budget and a determination to prosecute cases raised in the Hayne royal commission.

CEOs urged to dump BCA over 'green tape' stance

The conservation group wrote to the chief executives of ANZ, NAB, Westpac, Telstra, Woolworths, Coles, Medibank, Coca Cola Amatil and Qantas, asking them to review their BCA membership if their own positions clashed with the nation's most powerful bu

Moroccan, Japanese Banks sign partnership agreement on sideline of TICAD summit

Through this strategic partnership, concluded on the sidelines of the ongoing 7th Tokyo International Conference on African Development (TICAD-VII), BCP and its subsidiaries position themselves as the ideal banking partners for Sumitomo Mitsui Banking Cor

Chinese Regulators Vow to Bring Quality Deals to Market

Investment bankers in China scrambled last weekend to update their clients about new opportunities in the Chinese IPO market.

MAS Opens Applications for Digital Bank Licences

Digital full banks will be allowed to take deposits from and provide a wide range of financial services to retail and non-retail customer segments, while digital wholesale banks will be permitted to serve SMEs and other non-retail segments.

Professional services alliance BOKS adds two new members in Asia

Geared toward SMEs seeking a “cost-effective, flexible networking alliance that facilitates global business opportunities”, BOKS is aiming to enter the top twenty before the end of next year.

Malaysia Is Revising Rules Against Money Laundering

BNM to pursue more deterrent action against money laundering

Ex-Commonwealth Bank Manager Stole Money to Gamble, Jailed for Fraud

Made large cash withdrawals to gamble; claimed purchase refunds to personal bank account

No extension to FASEA deadline

Asked by Financial Standard whether a deadline extension is still on the cards, Senator Hume said: "I think we can say that we have heard the concerns and some of my concerns around the deadlines are really more about accessibility."

Australia's watchdog bans financial adviser

ASIC said that, when providing personal advice, Goudie did not adequately identify his clients' objectives, financial situation and needs or investigate whether the financial products he was recommending would meet their needs.

Fake-branded bars slip dirty gold into world markets

Fake gold bars - blocks of cheaper metal plated with gold - are relatively common in the gold industry and often easy to detect.

SFC: Some Fund Managers Have Inadequate Liquidity Risk Management

The SFC reminds fund managers to implement robust risk management systems and establish well-documented liquidity risk management policies and procedures for the funds they manage.

HKMA Liquidity Facilities Framework for Banks

The updated Liquidity Facilities Framework makes operational an important part of the resolution regime in Hong Kong and takes forward a key recommendation of the Financial Stability Board’s 2018 Peer Review of Hong Kong.

Banks told to tighten security after payments data breach

The attack is the second breach of the PayID system since June and has experts asking why extra protections were not in place to prevent it from happening again.

Consumers see value in financial advice, but lack of trust remains an issue

The move is part of a broader set of reforms aimed at increasing transparency in financial services, which includes Parliament giving ASIC power to collect and publish internal dispute resolution data at the firm level.

What the renminbi breaking 7 means for China’s economy, credit markets

The depreciation of the renminbi will have an impact, but strong Chinese corporates should be well positioned to withstand further falls

US government pension fund urged to reverse China investment

Senators say FRTIB is supporting Beijing’s military, espionage and security efforts

Legal, Regulation & Compliance