Managers of Wealth Asia Pacific

UOB and Doxa team up to digitise trade financing and procurement

This will unify the financial ecosystem and we are excited to be part of this journey.

ASIC secures over $102 million in remediation for Freedom Insurance customers, with more to come

AIA Australia, NobleOak Life, Swiss Re Life & Health Australia and ClearView Life Assurance issued the policies distributed by Freedom Insurance.

Thailand securities regulator awards four new digital asset licences

Earlier this month, the central bank announced plans to kick off a pilot project to test its digital currency at the end of the year.

ASIC bans West Australian financial services director for six years

Ms Hutchinson has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

APRA releases final reporting standards on updated capital framework for banks

APRA has made changes to these new collections to better meet data needs, simplify reporting requirements, and reduce the need for future data collections and ad hoc requests.

Thailand central bank to kick off digital currency pilot test at the end of 2022

The project will be separated into a foundation track which will assess the efficiency and safety of the digital currency system, and an innovation track that will focus on development of innovative use cases.

Australian financial institutions take climate risk seriously, regulator says

With stakeholder expectations on climate risk only going to rise further in coming years, we urge all regulated entities to consider the findings and reflect on their preparedness

BMO Expands Presence in Japan with Securities License

"BMO applied for a Securities license after a strategic review that showed a high correlation between our Global Markets products and demand in Japan,"

Six Bank Wealth Management Subsidiaries Obtain Approval for Operation in 2022

The company has 2 billion yuan in registered capital and is headquartered in the Shandong province city of Qingdao.

Former financial adviser banned following conviction for dishonesty offences

Mr Nesseim has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.

Chinese regulator says shadow banking sector needs constant scrutiny to guard against risks spilling over into the economy

The comment highlighted regulators’ growing concerns of financial risks in the banking system amid scandals in Henan and Anhui provinces as well as a mortgage-payment revolt that has spread to over 90 Chinese cities.

HSBC Urged to Give Ping An a Board Seat

The bank is expected to argue that its future depends on its global network of clients and services and may reportedly respond to Ping An’s call by accelerating its exit from non-core markets and deployment of additional capital in Asia.

ASIC bans Adelaide based financial adviser for five years

Mr Simeone’s conduct demonstrated he was not adequately trained or competent, was not a fit and proper person and was likely to contravene a financial services law in the future.

Harneys wins Securities Deal of the Year at The Asia Legal Awards 2022

The awards identify and honour the most important transactions and cases with the most complex and outstanding legal work in Asia.

APRA looks to enhance strategic planning and member outcomes in super

After considering submissions on the discussion paper, APRA intends to release draft enhancements to the SPS 515 framework early next year for a further round of consultation.

MAS and the International Financial Services Centre Authority Exchange Memorandum of Understanding on Supervisory Cooperation

The MOU provides a framework for supervisory cooperation between the two authorities in relation to financial services including stock exchanges and technical cooperation

Legal, Regulation & Compliance