Managers of Wealth Asia Pacific

Hong Kong Implements Risk-Based Capital Regime for Insurance Industry with Passage of Amendment Bill

The implementation of the RBC regime is expected to commence in 2024.

Appleby's Hong Kong office advises china Everbright water Limited on its issuance and registration of up to RMB 5 Billion medium term notes

The targeted subscribers for the Medium-term Notes shall be institutional investors in the national inter-bank bond market of Mainland China.

ASIC acts to ensure better banking outcomes for Indigenous consumers

The review found that many Indigenous consumers identified in the data were in high fee accounts paying high fees, despite being eligible for a low-fee ‘basic’ account.

In Thailand, Stark fiasco damages investor confidence, regulators criticised

“The investigation should have begun way earlier. I understand that the SEC [Securities and Exchange Commission Thailand] was in a leadership transition phase, but this is not a reason for the lack of actions,”

ING Sues Chinese Copper Trader

Xi’an-based Maike and Triway had banked with ICBC and ING

India regulator tightens disclosure rules for foreign portfolio investors

Some investors, including government and government-related entities, pension funds, public retail funds and certain listed exchange-traded funds, are exempted from the additional disclosure rules.

APRA fines BNK for failing to meet data reporting requirements

Access to accurate and timely data is critical for APRA to effectively monitor the safety and stability of Australia’s banking, insurance and superannuation systems,” Ms McCarthy Hockey said.

ASIC permanently bans David Sutton and cancels McFaddens Securities’ licence

McFaddens and Mr Sutton and have the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Singapore central bank proposes code of conduct for ESG ratings and data providers

The central bank is seeking public feedback on the proposal until August 22.

BOJ's Ueda: See good reason to shift policy if inflation re-accelerates into 2024

While headline inflation was above 3 per cent, the BOJ was keeping monetary policy easy because underlying inflation remained below the central bank’s 2 per cent target, Ueda said.

APRA takes action against Medibank Private in relation to cyber incident

“In taking this action, APRA seeks to ensure that Medibank expedites its remediation program,”

MAS Proposes Code of Conduct for Providers of ESG Ratings and ESG Data Products

The proposed code of conduct establishes minimum industry standards of transparency in methodologies and data sources, governance, and management of conflicts of interest.

IQ-EQ acquires ComplianceAsia and Lymon Pte Ltd

These transactions are incredibly exciting for us as it not only significantly expands our existing regulatory compliance business here in Asia Pacific

Carey Olsen wins China Business Law Award for fintech and blockchain

In determining the winners, China Business Law Journal's editorial team carefully considered nominations across a number of other factors, such as each firm's notable deals, cases and other achievements over the past year.

MAS Proposes Framework for Digital Asset Networks

The report is part of MAS’ effort to ensure that emerging digital asset networks are underpinned by international standards which promote safe and efficient financial market infrastructure.

RHB Islamic International Asset Management and Janus Henderson launch Malaysia’s first shariah-compliant sustainable technology fund

The RHB i-Sustainable Future Technology Fund provides investors access to Shariah-compliant technology companies

Legal, Regulation & Compliance