Managers of Wealth Asia Pacific

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.

International law firm reaches a co-operation agreement with Chinese firm

The agreement is the fifth collaboration agreement with local Chinese firms.

China pledges to open finance sector to more foreign ownership

Official says foreign and domestic investors to be treated ‘equally’ when buying stakes

‘Make Australia a hellhole for white-collar crime’

Another change Mr Medcraft wants to see is the head of ASIC and the head of APRA appointed to each other’s boards or commissions.

ASIC needs tougher, direct powers: Taskforce

The Taskforce also raised concerns about licensees taking steps to rectify compliance issues.

Goldman Sachs and China Investment Corporation Establish $% Billion Fund to Invest in United States Companies

Goldman Sachs, through its Merchant Banking Division, will act as the sponsor and investment manager for the Cooperation Fund.

China’s cryptocurrency ban is not what it seems

The People’s Bank doesn’t want a crypto-free country – it wants to own the market.

Legal, Regulation & Compliance