Managers of Wealth Asia Pacific

Bank bosses to face the music at inquiry

Bank bosses and head regulators will be questioned about policy matters at the financial services royal commission's final hearing.

Frydenberg splashes $50m to pursue financial services crime

The CDPP is set to benefit most from the Treasurer's latest move in strengthening the action against misconduct in financial services, with $41.6 million to flow into its coffers over the next eight years.

AFCA creates small businesses ombudsman role

"This change means that AFCA is now able to consider complaints from over 98% of small businesses."

Philippines Enhances Fair Value Pricing of Financial Instruments

The new guidelines tweak rules on marking to market to align with international standards, promote transparency and confidence in the markets, and encourage active market trading.

Norwich Pharmacal relief and the Confidential Information Disclosure Law, 2016

The judgment also provides welcomed guidance on the relevance of the Confidential Information Disclosure Law

Australian businesses eager to avoid fintech legal risks, Baker McKenzie finds

The study found that the sector is more confident now in the transformative powers of AI than in 2016, Baker McKenzie said.

Traydstream’s paperless trade solution to go live with Asian bank

Having closed its pre-series-A financing round, Traydstream is set to release new features and “grow exponentially” over the next few years, the firm’s CEO Sameer Sehgal tells GTR.

More foreign AMs get onshore licences

Hong Kong-based Zeal Asset Management and New York-headquartered Two Sigma Investments have obtained IM WFOE licences.

Regulators say they will muscle up against banks after royal commission highlights failings

A lot of APRA focus over recent years has been on making sure entities are solvent, have the right liquidity," he told a lunch hosted by financial services industry body FINSIA.

‘Complex product’ regulations could limit HK distribution

Some distributors in Hong Kong may avoid ‘complex products’ because of the added risk of being non-compliant

Singapore-based US banks beef up cybersecurity roles

They have the best teams, with different specialisations around cyber security technologies, both on defence and intelligence,” a Singapore-based cyber security expert told efinancialcareers.

FPA fines Henderson $50k

The FPA is committed to standing with Australians for a better financial future and enforcement of the FPA Code is an important aspect of that commitment."

Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil

“The new payment system [...] will assist the banks as they work toward commercializing a high-speed, transparent and traceable cross-border payments solution between Japan and Brazil,”

Innovate Finance and Singapore FinTech Association sign MoU

This agreement is representative of Innovate Finance’s continued support for both business and regulatory alignment between international FinTech Hubs.

UAE, Singapore among eight exemptions in IoM disclosure change

Singapore and the UAE, alongside Argentina, South Africa, the EU and Qatar, Hong Kong and the UK are exempt by the Isle of Man from providing Key Information Documents (Kids) to clients that would fully disclose all fees and charges directly related to in

Legal, Regulation & Compliance