Managers of Wealth Asia Pacific

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).

Some Singapore employees may be criminally liable: Wirecard

German payments firm releases summary amid ongoing internal probe by law firm

China pledges to 'sharply' expand financial market opening as trade talks loom

China has pledged to further open its massive financial markets to foreign investors since last year amid a simmering trade war with the United States

India to auction fugitive billionaire’s art collection

After a court order allowing the auction to take place, tax authorities, who are pursuing Modi over the country’s largest bank fraud, appointed professional auction house Saffronart.

Re Dai Guoliang 2019 HKCFI 597 – A Tool to Bear in Mind in the Asset Recovery Toolbox

There is no dispute over the existence of the debt

France to seal deals with China but challenge on Belt and Road project

Xi arrived in France after visiting Italy, the first Western power to endorse China's ambitious Belt and Road Initiative as Rome tries to revive its struggling economy.

China’s growing presence in the Gulf

For the Gulf monarchies, dense relations with extra-regional powers are an important pillar of their foreign and security policies.

China central bank head says country to step up oversight of systemically important financial firms

China has repeatedly vowed to improve market access for foreign investors

China Has a Lot of Financial Opening Up to Do, Says Central Bank

Officials made repeated pledges at the China Development Forum over the weekend to open up more of the economy to foreign companies and ensure a level playing field with domestic firms.

Banks who fell for IPO fictions get record fines, but punishment offers little deterrent

As a result, face to face interviews and on-site visits have long been the norm.

MAS Details Enforcement Outcomes, Priorities in Inaugural Report

The report will be published every 18 months.

Former CBA adviser banned for life in Australia

Ms Wilmott has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Legal, Regulation & Compliance