Managers of Wealth Asia Pacific

APRA Raises Capital Requirements for Big Banks

APRA has decided to raise total capital at the big four banks by 3 percentage points of risk-weighted assets by 1 January 2024.

Korea FSS Warns Banks of Liquidity Risk at China Units

By the end of 2018, KB Kookmin Bank had provided KRW 875.7 billion (USD 740.5 million) in credit to its China unit, up nearly 70 percent from the previous year.

State Street expands trust services in Singapore

In response to queries on whether it will also be hiring more staff, State Street said that it reviews its resources "on a regular basis" to support clients in Singapore.

An Overview of the Rules and Regulations Governing the Private Placements of Fund Interests in Japan

This article is intended to provide a broad overview of the regulatory framework of Japan in connection with the private placement of fund interests to Japan-based investors.

Hong Kong Monetary Authority Forms Fintech Partnership

The HKMA and ACPR share the view that through closer collaboration with each other

Chinese wealth manager alleges 3.4 billion yuan fraud at Camsing

Camsing, a conglomerate with businesses spanning entertainment and health care, saw its stock plunge 80 per cent in Hong Kong on Monday after the company said its chairman Lo Ching was being held in criminal custody by the Shanghai police.

IRB can track undeclared offshore accounts for taxation

The details of foreign bank accounts are accessible under the OECD’s AEOI system, says deputy finance minister

Validus Capital Applies for Digital Banking Licence in Singapore

Intends to expand their product offering beyond lending

Scandal-hit Indian lender uncovers fresh $550m fraud

New case at Punjab National Bank relates to non-performing Bhushan Power & Steel assets

Hollywood Producer Charged In Malaysia Over 1MDB Scandal

The money was sent to bank accounts of Hollywood production company Red Granite Pictures, which Riza co-founded, according to the charges.

Chief economist update: BOE flips tightening bias to easing

These are, more or less, the same conditions that appear to have changed the Bank of England's tightening bias.

China to Resume Approvals for Domestically Funded Securities Firms

According to Caixin, Dongxing Securities was in 2008 the last brokerage purely owned by mainland investors approved to set up.

ASIC boosts AFSL application requirements

For applicants intending to be APRA-regulated bodies, the corporate regulator is set to require responsible managers provide both national criminal history and bankruptcy checks which are no more than 12 months old, and two business references of the same

GIC gets a cash hoard at tricky market time

If recent comments by GIC executives are any clue, the sovereign wealth fund's investment team views that assignment as a tall order at this point in time.

Appleby Hong Kong Co-Managing Partner is Recognised in the IFLR1000 womens Leaders List 2019

Appleby champions diversity across the organisation and has recently announced its global Female Leaders Network which aims to bring together a group of senior women in business, to meet on a regular basis to discuss a variety of topics including how to d

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