Managers of Wealth Asia Pacific

SWIFT Sees Growing ISO 20022 Adoption in Asia Pacific

Nine years since ISO 20022 was first intruded for securities, 27 securities market infrastructures are live on the standard around the world.

Supreme Court Strikes Down RBI’s Feb. 12 Circular

Banks are given 180 days from the first day of default to finalise and implement a resolution plan.

EU, Singapore Adopt Decision to Mutual Recognise Derivatives Venues

“The decisions adopted today will strengthen cross-border trading, enabling businesses in the EU and Singapore to access deeper pools of liquidity and hedge risks more efficiently,” said MAS Chairman Tharman Shanmugaratnam.

ESMA Urges Readiness for End-May EMIR Refit Adoption

The Refit will also streamline existing rules to improves the quality of data reported

Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls

The accreditations are objective proof of our strong control environment.

NAB lender fairly sacked over fake loan 'referrals'

Those "referrals", which the bank had decided were faked, had reaped payments for AU Gold Realty of $24,000.

Australian banks have fingers crossed for a Brexit delay

ANZ Banking Group is relying on existing European branches and licences.

Vietnam’s ‘wait and see’ regulatory approach inhibits its emergence as a regional fintech leader

The Vietnamese government wants to facilitate the growth of a sharing economy. But it lags behind other ASEAN nations with regulations governing the peer-to-peer (P2P) industry.

China Approves JP Morgan, Nomura Securities Joint Ventures

HSBC also holds 51 percent of its securities business in China, but it does so under rules that allow Hong Kong-based companies special access.

Hong Kong pension supervisor seeks public views on eMPF design

The information it’s seeking includes cybersecurity risk, management, operating models for the plan’s administration, as well as implementation and deployment strategies.

Hong Kong removed from EU watchlist on tax cooperation

The EU list of noncooperative jurisdictions was initially released in December 2017 as part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation within the EU and globally.

Regulators name laggard life insurance providers

Disability income insurance claims showed AMP takes about 3.2 months to process, followed by AIA Australia at 2.5 months and ANZ OnePath at 2.4 months.

Standard Life Aberdeen gets pension green light

CBIRC to continue its opening-up efforts and improve the business environment to attract financial firms

ASIC expects more referrals to prosecutors for wealth industry wrongdoing

In response to a question taken on notice at Senate estimates, ASIC said it had "approximately 20 matters within its expanded wealth management project scoped for investigation of criminal offences".

Regulators unite for life insurance transparency

At the same time, ASIC released a new MoneySmart life insurance claims comparison tool, to help consumers "make more informed decisions," by outlining the claim acceptance rates and average claim time of life insurers.

Consumers confused by general, personal advice

"The survey not only revealed consumers are not familiar with the concepts of general and personal advice, but only 53% of those surveyed correctly identified 'general' advice.

Renminbi’s tale of two halves and the banks that made a difference

The Asset reveals those banks providing the best renminbi solutions as its internationalization gathers momentum

BVI’s place in the corporate/M&A landscape of SE Asia

A significant increase on new incorporation numbers for the first three quarters of the two previous years.

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

Based on its findings, the SESC made a recommendation to the Prime Minister and the FSA (Financial Services Agency) commissioner that an administrative monetary penalty payment order should be issued in regard to the alleged market manipulation.

What you need to know about Hong Kong’s new fund management regulations

Changes have been made to bring the existing regulations of fund managers in Hong Kong in-line with the recommendations of the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board (FSB).

Legal, Regulation & Compliance