Managers of Wealth Asia Pacific

Winning Chinese clients' trust

Designing a trust structure for Chinese clients requires more than just technical trust knowledge.

Mourant Hong Kong a leading offshore firm in Asia

The recognition follows hot on the heels of the team's success at the China Business Law Journal Awards

MAS Enhances Supervisory Toolkit Governing Fund Managers

The ongoing push for more transparency and disclosures across fund managers and funds have exerted a downward pressure on fees

Hong Kong Empowers FRC as Independent Auditor Oversight Body

Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.

Goldman will learn and rebound from 1MDB scandal: CEO

Solomon says bank will use 'different lens' when doing business in emerging markets

Sports Deal Gone Sour Sends Ripples Into a $3.3 Trillion Market in China

Merchants Bank issued WMP to funnel money to MP & Silva deal

The future of Cayman vehicles in Asian structures

Cayman Islands entities, when incorporated into a structure, can assist businesses compete for and service an international client

SFC Fines Guosen Securities $1.94mn for AML Breaches

The SFC’s investigation revealed that between November 2014 and December 2015, Guosen had processed 10,000 third party deposits totalling approximately $5 billion for more than 3,500 clients.

Senate Passes Bill Empowering ASIC to Pursue Harsher Penalties

The bill increases the maximum prison penalties ASIC can pursue to 15 years, for serious offences including breaches of director’s duties, false or misleading disclosure and dishonest conduct.

Big Four Auditors Face Parliamentary Scrutiny in Australia

The risk here, of course, is that the big four audit firms now fail to fearlessly scrutinise the accounts and risks of the corporations that they audit

European bank eyes PH operations

Several foreign banks have shown interest to open either a branch or subsidiary in the Philippines

Super reforms hit AMP wealth management arm

The move would result in about $10 million of lost earnings to AMP's wealth management business in the 2019 financial year

Navigating Regulatory Change in Asia Pacific

Educate, prepare and consolidate.

Bank lending for ‘real economy’ key to boost China growth — central bank official

Perpetual bond issuance “is only one breakthrough” in reducing capital constraints

Bank Indonesia mulls accumulating global sukuk as sharia buffer

The central bank began offering sovereign sukuk-backed securities, known as Sukbi, to conventional and sharia banks from last year and the instrument has found favour with the banks.

Facing the future - Developing a response to regulatory change

Based on a survey of more than 100 senior legal and compliance professionals across the region, many organisations in Asia Pacific were found to be struggling to keep up with new compliance rules.

Swiss Investigate 1MDB Whistleblower

The multi-billion corruption and money-laundering investigation was spearheaded by the U.S. and also involved Switzerland and Singapore.

Australia's AMP sees more pain ahead for scandal-hit wealth unit

At the same time, regulatory and compliance costs were mounting and would affect earnings this year, AMP said, as it confirmed a pre-announced 35 percent fall in 2018 underlying net profit to A$680 million.

ASIC consults on updating its responsible lending guidance

ASIC is also considering whether to provide an opportunity for key stakeholders to speak to the Commission at public hearings in addition to making written submissions.

Praemium upgrades platform as part of rebranding

In a statment Praemium CEO Michael Ohanessian said: "This compares dramatically to traditional wrap platforms that have tried to overlay SMAs into their technical and regulatory architecture."

Legal, Regulation & Compliance