Managers of Wealth Asia Pacific

Indonesian regulator introduces digital banking regulations, report says

“The pandemic has made the digital transformation in the banking sector an inevitability,”

MSCI Shrugs Off China «Investability» Concerns

According to Fernandez, every emerging market in the world has faced similar criticism, adding that India and Mexico were at times also deemed uninvestable due to actions by their governments.

Compliance a barrier for multidisciplinary advisers

“We encourage all the advisers to give a holistic advice and most of them do but we also encourage and support the limited scope of advice where it’s appropriate,”

Indonesia's Bank Central Asia Targets Digital Growth

Indonesia-headquartered super-app Gojek increased its stake in Bank Jago in December 2020 as part of its bid to accelerate financial inclusion in Asia

ASIC consults on payment for order flow rule amendments

Payment for order flow is not prevalent in the Australian equity market, however ASIC has observed continued growth of payment for order flow in other markets (mostly the US).

Personal Information Protection Law: China's GDPR is Coming

Overseas companies caught by the exterritorial jurisdiction of the PIPL should establish a dedicated entity or appoint a representative in China to handle matters

Asian Development Bank: integrity compliance and enforcement

The OAI's investigation and enforcement activity continued more or less unabated, despite the OAI being required to pivot to remote working because of the pandemic.

Swiss Court Rejects Ex-BSI Banker’s 1MDB Appeal

The Federal Administrative Court turned down the appeal to lift a three-year regulatory ban over failure to properly combat money laundering.

China Probes Party Chief of Alibaba’s Home City

The posts, which did not the company, have since been deleted, the report added.

Westpac subsidiaries to pay $10.5 million penalty for breaches of best interests duty

‘Consumers’ decisions about their superannuation are significant long-term financial decisions affecting their retirement income.

The United States Department of the Treasury and the Monetary Authority of Singapore Finalise a Memorandum of Understanding on Cybersecurity Cooperation

This announcement was made during Vice President Kamala Harris’ visit to Singapore

Chinese tech turmoil and equality distract from fundamentals

The falls in Chinese share prices have prompted investors, including ourselves, to look closer at China’s prospects. Short-term volatility should not cloud China’s underlying investment strengths.

PAG Closes PAG Growth II

G2 will follow the same successful strategy as its predecessor fund

HSF: Asia Data Protection Update

The key issue is how the these new laws will affect the transfer of data out of mainland China.

Super fund reduces fees

"We recognise that in the current environment our members are seeking advice and information on their superannuation options and retirement planning more than ever,"

A radical reform of the PRC Arbitration Law: A summary of the key revisions

One of the key objectives of the Draft Proposal is to resolve various deficiencies under the current PRC Arbitration Law.

Milbank Advises Filinvest on First-Ever Philippine Sustainability-Themed REIT IPO

FILREIT offered approximately 1.63 billion common shares priced at 7 pesos, with an overallotment option of up to approximately 163.42 million shares.

Merger activity in Asia, China remains high even as regulatory uncertainty hangs over tech sector, JPMorgan says

M&A, in some form, is happening in all sectors in China, according to JPMorgan’s Asia-Pacific deals co-head

Philippines sets rules for Asean cross-border investment

The Securities and Exchange Commission has announced the requirements for Southeast Asian funds to be offered in the country and vice versa.

APRA releases letter to ADIs and final Prudential Practice Guide APG 220 Credit Risk Management

The letter and guide are available on the APRA website

Legal, Regulation & Compliance