Managers of Wealth Asia Pacific

Regret RBI decision to not pursue Islamic banking

The RBI decided not to pursue a proposal to introduce Islamic banking in the country.

New Rules Released on Policy Banks to Enhance Risk Control

The regulator will set requirements on capital adequacy ratios for the three policy banks

Neuberger Berman Obtains China Private Fund Manager License

The registration expands Neuberger Berman's commitment to China and its investment resources locally.

Mauritius Lawsuit Accuses Top Indonesian Officials Of Laundering Billions

Billions Of US Dollars Belonging To Indonesian Taxpayers Have Allegedly Been Spirited Out Of Indonesia

MAS signs FinTech Co-operation Agreement with the central bank of the Republic of the Philippines

The authorities will work on FinTech projects together, such as facilitating faster cross-border payments and streamlining “know-your-client” (KYC) processes.

Monetary Authority of Singapore may regulate ICOs

This brings initial coin offerings in Singapore in line with the issue of shares in other sorts of Collective Investment Schemes.

Hong Kong SFC concludes consultation on asset management regulation

The SFC will publish frequently asked questions to provide further guidance to the industry on the implementation of the proposals.

Westpac star trader admits breaching 'Chinese walls' in interest rate chats

A key part of Westpac's defence is that its treasury desk was independent and all counterparties.

NAB sacks 20 bankers and disciplines another 32 over dodgy home loan scandal involving foreign buyers

The mortgages involved overseas borrowers and were issued through external workers who were given incentives for referring customers to the bank.

IMF Raises South Korea 2017 Growth Outlook

The IMF raised its 2017 GDP estimate to 3.2% from 3% projected in September.

Over the horizon

The M&A market continues to be active in Asia with Cayman, BVI and Bermuda remaining the top jurisdictions for offshore M&A transactions,” says Denise Wong

NY regulator mulling fine on Korean banks for AML violation

Earlier this year, NongHyup Bank handed in a written agreement to the Federal Reserve Bank of New York to address its compliance deficiencies.

Finance Secretary Carlos Dominguez III and Japan International Cooperation Agency Chief Representative in the Philippines Susumu Ito also had an exchange of loan agreement on the Cavite Industrial Area Flood Risk Management Project.

ASIC remains firm on IFA definitions

The regulator said financial services providers can only use these terms if they meet the requirements set out in s923A of the Corporations Act.

Life insurer definitions clashing: Regulators

There's a lot of work that needs to take place within the industry to ensure that they are categorising claims outcomes in a consistent way.

China and UK expected to be very busy with M&A activity

If the prediction about the level of the UK's M&A activity for 2018 is correct.

Requiring Anti Money-Laundering New York DFS To Impose Large-scale Fine Against S. Korean Banks’ Branches

New York State Department Of Financial Services Is Planning To Order NH Nonghyup Bank To strengthen Compliance With The Requirement Of Anti Money-Laundering

5 brokerages granted licenses for investment banking

It remains unclear whether the FSC will complete the review by the end of this year.

Asean banking on China-led AIIB to plug infrastructure gaps

The Asean aims to build multiple connections from within and outside Asean through its Master Plan on Connectivity

Australia and UK ‘on verge of’ inking new fintech deal

Who has something of a reputation for no-nonsense straight-talking.

Legal, Regulation & Compliance