Managers of Wealth Asia Pacific

ASIC sues former Keystone Asset Management directors and compliance committee members over alleged Shield failures

ASIC Chair Sarah Court said the case reflects alleged failures in how hundreds of millions of dollars of Australians’ super savings were handled and protected.

MAS Establishes Future of Finance Institute to Scale Financial Innovation

The announcement was made at the ABS Annual Dinner on 25 June 2026 by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS.

Hong Kong Poised to Modernize Tax Framework to Attract Global Fund Managers

This comprehensive legislation cements Hong Kong’s position as Asia’s premier asset management hub.

South Korean chipmakers are being paid such massive bonuses it’s becoming an inflation problem for the central bank

A wage-price spiral is the concept of higher wages increasing consumer demand and pushing up prices as a result.

Hong Kong introduces Uncertificated Securities Market regime

This is achieved through dematerialisation, where physical share certificates are replaced by electronic records maintained by approved securities registrars (each an ASR) through computerised systems.

Bank of Japan lifts policy rate to 31-yr high

The bank’s rate hike after keeping it steady at the three previous meetings brings its policy back on a normalization track after a decade of unorthodox easing that ended in March 2024.

$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. 

Legal, Regulation & Compliance