Managers of Wealth Asia Pacific

$35 million penalty sought as HSBC admits to scam protection failures, and implements compensation plan

The proposed resolution is subject to the approval of the Court, and it is a matter for the Court to determine whether the proposed orders are appropriate and whether any other orders should be made.

Vietnam central bank proposes easing limit on short-term funds for long-term lending

The proposed amendment would effectively restore the limit to its 2020-2021 level.

Thai virtual banks expected to lose money in early years

Brokerage KKPS says growth constrained by regulatory framework focusing on risk management

ASIC and APRA announce FAR changes to reduce administrative burden

ASIC and APRA estimate that the changes will reduce reporting for all accountable entities and the 4500 impacted accountable people.

Record of Discussion of the Meeting of the Exchange Fund Advisory Committee Currency Board Sub-Committee held on 4 May 2026

(Approved for Issue by the Exchange Fund Advisory Committee by Circulation)

Bank of Japan: Gradual normalisation with higher JGB yields – ING

Despite soft May inflation, underlying pressures and firm wages justify further normalisation.

ASIC updates mandatory credit reporting relief

Stakeholders supported extending the relief for five years and expanding the scope to include additional account categories.

APRA Deputy Chair Margaret Cole recognised in King’s Birthday Honours

Over the past five years Ms Cole has been responsible for the prudential oversight of Australia’s rapidly evolving superannuation industry.

Japan to ease bank capital adequacy requirements

The agency will formally decide to revise related notifications after collecting public comments.

ASIC proposes to withdraw financial reporting relief for uncontactable members

Entities not covered by these requirements may need to apply to ASIC for individual relief aligned with Regulatory Guide 43

HKICL alerts public of fraudulent website

The fraudulent website intends to trick user into giving away login credentials and directs user to WhatsApp chats with the fraudster impersonating as customer service personnel.

Taiwan calls on domestic asset managers to scale up – report

As part of the effort, the FSC is trying to channel more mandates towards local firms.

ASIC Chair Joe Longo speaks on Tech Council of Australia panel

The conversation was moderated by Tech Council of Australia Board Adviser Damian Kassabgi, and included Mariana Paun, Chief Business Resilience Officer, Zepto, and Stuart Munro – Group Executive, Group Strategy, Commonwealth Bank of Australia.

APRA formalises three-tiered approach to proportionality in banking prudential framework

It also aligns with APRA’s strategic commitment to get the balance right between its primary mandate for financial safety and stability and other considerations such as competition and efficiency. 

Scam alert related to banks

They will not ask customers for sensitive information, such as login passwords or One-Time Password, by phone, email or SMS (including via embedded hyperlinks).

ASIC and AASB launch sustainability reporting webinar series

The three webinars are designed as introductory and foundational content and are well-suited to smaller and mid-size companies who are planning or are in the capacity building stage of their climate-related financial disclosures.

APRA disqualifies former chair of Xinja Bank under the Financial Accountability Regime

Ms Edwards is disqualified for a period of six years for failing to comply with her accountability obligations

ASIC issues early observations on sustainability reporting ahead of 30 June 2026

ASIC welcomes these first sustainability reports and acknowledges the significant effort put in by the preparers.

Appleby’s Hong Kong Partner Vincent Chan secures seventh consecutive ALB Offshore Client Choice recognition

His expertise has played a crucial role in numerous significant transactions

Australian ex-FS director sentenced to five years in prison over unlicensed advice

From 23 June 2019, Mr Arandez was not licensed or authorised to provide financial services, but he carried on until April 2021

Legal, Regulation & Compliance