Managers of Wealth Asia Pacific

OnePath receives first Life Code sanction

The insurer failed to do so and did not finalise the remedial action until 10 May 2019 - one year and 10 months after the initial self-report.

Reform implementation timeframe too short: AustralianSuper

Drawing on the recent experience of implementing the Protecting Your Super legislation, Land said the industry struggled to deal with the flood of inquiries received from members affected by the removal of insurance from inactive accounts.

APRA forced to overhaul culture, capabilities

Samuel was appointed by the Federal Government in February to lead the panel, which comprises AGL Energy non-executive director Diane Smith-Gander and former Reserve Bank of New Zeala.nd acting governor Grant Spencer.

Ogier acts on US$ 76 million Chinese Transmission Products Deal

The Ogier team is led by partner and BVI corporate head Michael Killourhy with support from associates David Mathews and Tiffany Ager.

‘Fix the pension poverty’: Seniors group says cut to deeming rates not enough

“There are many, many, people living on the pension that live below the poverty line and we shouldn’t forget them too, they have no money in these accounts.”

Impact investing under threat

AMP Capital head of ESG investment research Ian Woods believes impact-washing poses a serious threat to the impact investing movement and the wider ethical investing industry.

Japan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms

Chairman Giancarlo said the order follows an “outcomes-based approach”, meaning the regulatory framework in Japan was found to achieve comparable regulatory outcomes, though it may not be identical to the CFTC’s own framework.

PNP pushes for tougher laws on bank crime probes

Maj. Gen. Guillermo Lorenzo Eleazar, commander of the police force in Metro Manila, said in some shooting incidents, private firms take two to three days before turning over surveillance footage

AFCA delivers $83 million win

"AFCA stands firmly on the side of fairness and a key part of our role is increasing transparency in the financial sector," Locke said.

Pressure on deeming if RBA cuts again

Bowing to pressure from senior groups after the Reserve Bank of Australia slashed the cash rate to a record low 1 per cent this month, the government announced on Sunday it will cut deeming rates, which are used to estimate how much some pensioners earn o

Malaysia seizes $240 million from Chinese state firm's bank account: paper

CPP was perplexed by the unilateral transfer of funds out of its account without notification, the firm, a unit of state energy giant China National Petroleum Corp, told the newspaper.

$32 Million Crypto Heist Halts Tokyo Exchange

Four years earlier, Tokyo-based MtGox exchange was shut down after some half a billion dollars in bitcoin disappeared from its virtual vaults.

Gold, jewels, ‘Islamic’ finance: how India’s I Monetary Advisory built a US$365 million Ponzi scheme

Some 50,000 investors have lodged complaints against the Bangalore-based I Monetary Advisory and its founder Mohammed Mansoor Khan

Regulatory, capital market reforms needed to revive Singapore’s stock market

Such reforms can also reinforce our fund management sector

Australian banks slapped with tougher capital requirements, pressure on dividends

Australia’s largest lender, Commonwealth Bank of Australia, was lumped with an additional A$1 billion capital requirement last year after it was accused of thousands of breaches of anti-money laundering protocols

Laid-off expat bankers struggle to find new jobs in Hong Kong

At the same time, the city's famously expensive living costs, including some of the world's highest rents, mean that even senior bankers need to find new jobs fast in order to stay.

OCBC, police use tech to boost fight against financial crime

Project Poet was launched yesterday by Mr T. Raja Kumar, deputy secretary (international and training) at the Ministry of Home Affairs.

HSBC blasted by Hong Kong protest leader: Bank urged to apologise after boss praised Chinese regime

He accused HSBC of failing to understand what is really going on in China – and urged it to apologise.

PNB scam: Enforcement Directorate attaches Mehul Choksi's Dubai assets worth Rs 24.8 cr

The agency has seized three commercial properties in Dubai, valuables, a Mercedes Benz E280 and fixed deposit account controlled by accused Choksi

Japan Post Vows to Compensate Customers in Insurance Sales Scandal

Insurance sales have been a major source of income for Japan Post, which has been pressured by declining mail volumes.

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