Managers of Wealth Asia Pacific

Another firm cautions on onshore bonds

China’s onshore corporate bonds are expected to have more defaults, according to BNPP AM, but offshore China high yield is a different story.

China enacts new measures for third-party access scheme

Under the Trial Measures, pipeline and facility operators were to grant third parties access to their pipeline networks and associated facilities if there was surplus capacity.

Australia targets cryptocurrencies in international tax crackdown

ATO deputy commissioner Will Day has reportedly revealed that at least one of the investigations involves a global financial institution and its intermediaries, which is believed to have helped clients conceal assets and income data.

MAS Proposes Increased Scope for Accountability, Conduct Guidelines

The present consultation is an extension of an April 2018 draft proposal that set out five outcomes and specific guidance to promote individual accountability of senior managers

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue for OECD

Credit Suisse and Privé to enhance wealth management offerings

Credit Suisse launched the first digital private banking solution in the region in 2015, and partnered with the fintech company Canopy in 2017 to make accessible to its clients an automated account aggregation platform and reporting solution.

Singapore’s vulnerabilities as financial hub

Singapore’s strategic location is undoubtedly one reason for its current prosperity.

Perth adviser permanently banned by ASIC

ASIC’s review also found that Mr Bruni had failed to give appropriate advice or provide advice documents to his clients.

Appleby Advises Xinyi Energy Holdings Limited on its Listing on the Hong Kong Stock Exchange

The Appleby team was led by Co-Managing Partner and Local Corporate Group Head Judy Lee and Partner Chris Cheng, supported by Associate Huiyan Liew and Legal Executive Connie Wu.

Finance Should be a Force for Good: MAS

The theme of the event was “Banking for the Common Good”, and Menon called for a culture of good conduct “grounded in strong values and ethics.”

Standard Chartered shows it’s a bank of action against illegal poaching

The first phase of ‘Here for Good’ was launched in 2018 and focused on stories about issues that limit commerce and prosperity for people.

A government-backed cryptocurrency is gearing up to launch following fund creation and UN talks

The blockchain behind it will be open-source, allowing other countries to fork it and potentially establish their own local digital legal tender

Reserve Bank shuts tap on new bank licences for three years

The central bank wants all the new players who have got licences in the last 3-4 years to stabilise, and see how they are progressing

Macquarie fined for negligent trading

The MDP had reasonable grounds to believe that Macquarie contravened the market integrity rules that deal with the provision of regulatory data to ASX and Chi-X.

Why foreign investors should not overlook China’s exchange ABS market

China’s ABS exchange market holds some distinct advantages, such as no restrictions on the use of proceeds, but nevertheless remains limited in access

SGX RegCo Eyes Greater Enforcement, Whistleblower Protection

In a speech at the SGX Regulatory Symposium on Friday (31 May), Tan said that a “disclosure-based” regime, where wrongdoing comes to light when disclosed, has led to weaker market discipline in Singapore given a “less litigious” cu

Appleby Wins Best M&A Advisor At The Wealthbriefing Asia Awards In Singapore

The awards recognise achievement and showcase top class performance and innovation in the private wealth sector.

SHC judge declared UK properties, but not value: reference

He filed his declarations for the tax years 2015, 2016 and 2017, but did not disclose his property in Kent.

Who's who Legal Awards

Celebrating the World’s Leading Lawyers

Singapore Banks Well Positioned for Final Basel III Rules

The operating environment and bank profitability are expected to remain stable, despite an economic slowdown, and asset quality, funding and liquidity will remain strong, the report said.

Legal, Regulation & Compliance