Managers of Wealth Asia Pacific

China Huarong seeks to erase name of former chairman

Offer to swap share certificates bearing Lai’s signature after his arrest on corruption charges

Where are the BOJ exit speculators now?

As we come closer to the end of 2018, Japanese measures of inflation has remained just about where they were at the beginning of the year.

Japan’s MUFG in Ongoing AML Probe by New York Regulators

The switch to a national charter was made for efficiency reasons, according to MUFG.

Former AGM director banned from financial services for 8 years

Until 3 April 2018, Mr Ashkenazi was the only Australian resident director, and was the Chief Executive Officer of AGM

Taiwan’s BLF opens tender for US$1.5 billion multi-factor mandate

The tender is open until December 24, and the BLF’s investment committee is scheduled to hear the first round of presentations from asset managers in March 2019.

Fugitive Chinese tycoon Guo Wengui ‘has US$1.1 billion of assets frozen by Hong Kong court’

Court order on October 23 ‘prohibiting sales of 510 million shares of Haitong International’ awarded to government prosecutors

Singapore bourse inks deal to promote China bond indices

SGX Chief Executive Officer Loh Boon Chye describes the strategic partnership as a "further strengthening of financial ties between Singapore and China".

Philippine Congress moves a step closer to expanding Islamic banking

Establishment of more Islamic banks in Southeast Asia and the Middle East will benefit more than 10 million Filipino Muslims

FASEA releases draft degree requirement legislation

The authority also outlined limitations on recognised prior learning (RPL), to be applied on a case by case basis by higher education providers.

Singapore Toughens Penalties for AML/CTF Offences

In the last five years there were about 70 money laundering convictions each year, and in 2016, six foreign nationals were convicted for terrorism financing offences.

Commonwealth Bank board asked former chairman to return fees, inquiry told

David Turner refused board’s request, which was sparked by a highly critical regulator report

CBA's one big culture problem is loud and clear: everyone is too quiet

The APRA panel’s overriding conclusions about the reason for the spate of "incidents" within CBA was that the group’s financial success had dulled its senses to signals that might otherwise have alerted its board and senior managemen

'No more apologies': barrister tells Australian bank chiefs

Australians have grown accustomed to hearing apologies from the heads of the country’s wealthiest financial firms in response to the inquiry’s evidence of bribery, fraud, fee-gouging, predatory sales tactics, greed, and deception.

Japan and France sign fintech pact

These cooperation frameworks also include referral mechanisms for financial innovators which will therefore facilitate their entry into French or Japanese markets.

IOSCO members found mostly compliant with Principles for Commodity Derivatives Markets

The survey provided an opportunity for IOSCO members to self-audit their current regulatory practices

UBS Securities pays $120,000 infringement notice

UBS purchased approximately 18 million securities over a 7-month period in relation to the buy-backs in circumstances where UBS purchased the securities other than by the matching of orders on an order book. UBS reported the transactions to ASX as ‘

Governor of Thai Central Banks Says National Digital Currency for General Population Not Coming Anytime Soon

The Governor reportedly made the comments in response to IMF Managing Director Christine Lagarde’s call last week advising fellow central bankers attending the Singapore Fintech Festival to seriously consider whether digital cash will be the next ev

The Bank of Canada, Bank of England and Monetary Authority of Singapore share assessment on emerging opportunities for digital transformation in cross-border payments

The report examines existing challenges and considers alternative models that could in time result in improvements in speed, cost and transparency for users.

Deloitte issues call for common sukuk practices

Inconsistent laws and practices were highlighted in a dispute between UAE-based Dana Gas and its bondholders over the repayment of a $700 million sukuk and whether it still complied with Sharia law.

Baker in largest non-life insurance acquisition

The transaction will enable Tokio Marine Nichido to become the second-largest motor insurance company and third-largest property and casualty insurance company in Thailand.

Legal, Regulation & Compliance