Managers of Wealth Asia Pacific

China Business Law Journal names Harneys "Best Offshore Law Firm"

These awards really reflect the incredible teamwork, client focus and positive attitude of our people in China, who continue to deliver despite the challenges posed.

Stephenson Harwood named winner of seven categories at China Business Law Awards

The annual China Business Law awards recognise the best Chinese and international law firms in Greater China.

APRA finalises its macroprudential policy framework

APRA has a broad range of macroprudential measures that can be used to reduce financial stability risks.

Allianz and AWP plead guilty to charges for making false statements about travel insurance

The pleas were lodged before the Downing Centre Local Court in Sydney on 14 June 2022.

10 Walkers' Lawyers Recognised in Asia Business Law Journal's Top 50 Offshore Lawyers 2022

Notably, Ingrid, Caroline and Denise were acknowledged as “Ceiling smashers”, forming part of a group of eight female lawyers who have “[broken] down barriers in a sector heavily dominated by men”.

China Warns Foreign Banks on Pay

Regulators are also pushing banks to reduce cash compensation and increase the time span on deferred compensation to at least three years, the report said, citing the sources.

How to avoid ‘greenwashing’ for superannuation and managed funds

ASIC undertook a ‘greenwashing’ review of a sample of superannuation and investment products and identified some areas for improvement.

Hong Kong takes further step towards cybersecurity legislation

The rules define the security classification of administration's information, requiring administrative departments to classify their information

HSBC banker suspended for calling climate catastrophisers ‘nut jobs’

Kirk illustrated his point with the irrational fear-mongering caused by apocalyptic ‘Y2K bug’ predictions.

Hong Kong a ‘target market’ for Irish and European insurtechs

Major opportunities for successful Irish insurtechs and regtechs will arise from larger markets outside of Ireland, including Hong Kong.

Alliance for Green Commercial Banks announces onboarding of cornerstone members

The Alliance brings together financial and research institutions and innovative technology providers to develop a green community in emerging markets to collectively finance the infrastructure and business solutions needed to advance sustainable economic

REMI Capital’s woes worse than anticipated as debts blow out to $124 million

Contrary to media reports, Jirsch Sutherland claims that not all 433 noteholders will be left hanging.

MAS Strengthens Financial Institutions Business Continuity to Address Evolving Threats

The revisions take into account learnings from the handling of the COVID-19 pandemic and increased digitalisation in the financial sector.

Bank of China, Everbright Bank fined US$2.2 million for flouting asset management rules

Bank of China and its wealth management unit have been penalised by the mainland’s banking regulator for flouting asset management rules.

ASIC announces financial reporting changes for AFS licensees

‘These reporting changes will assist those who prepare financial reports under both sets of requirements, and provide relevant information for ASIC’s surveillances of licensees and for other users of financial reports.’

Leading law firm for philanthropy and impact investing in Asia Pacific

The awards aim to recognise leaders in the global wealth management industry that demonstrate a commitment to and pre-eminence in the crucially important areas of environmental, social and governance (ESG), impact investing, diversity and inclusion.

Two China Banks Fined Over Wealth Management Violations

China Everbright Bank was filed 8.3 million yuan (US$1.25 million), while Bank of China was fined 6.6 million yuan

Over a Dozen Banks Settle for Singapore Rate Case

A complaint was first filed in 2016 in a Manhattan federal court which accused the defendant banks of rigging the Singapore Interbank Offered Rate (SIBOR) – widely used to price banking products – and Singapore Swap Offered Rate.

Linklaters awarded Diversity & Inclusion in Asia Intersectionality Award by Community Business

Linklaters strives to create an inclusive culture in which everyone, regardless of background, identity and circumstance, can reach their full potential and thrive.

SC and Labuan FSA INK MOU to strengthen regulatory co-operation and collaboration

The MOU will also enhance provision of technical assistance, capacity building and exchange of information between the two regulators.

Legal, Regulation & Compliance