Managers of Wealth Asia Pacific

APRA releases notes on Life Insurance CEO Roundtable - July 2024

The roundtable was hosted by APRA Member Suzanne Smith together with Executive Director Sean Carmody and General Manager Nancy Ma.

Asian Institute of Chartered Bankers Hosts International Conference on Financial Crime and Terrorism Financing

The goal is to foster relationships and engagements that allow us to keep pace with developments and act speedily in a time-critical environment."

Barclays warns of Japan-style recession risk for China

Despite expectations of 4.8% growth, the outlook remains bleak unless more robust and concerted policy measures are implemented to stabilize the situation.

MAS Collaborates with Banks and Technology Partners on Quantum Security

QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed by quantum computing.

Nikko Asset Management gets UK stewardship nod

Nikko AM’s submission is structured around how the firm addresses these principles in its investment management and other operations

China's outbound investing quota crunch spurs foreign asset managers to get creative

Offshore investment flows surge as China growth weakens

Harneys named Best Offshore Law Firm by China Business Law Journal

The CBLJ Awards recognise law firms that have excelled in the past year.

Maples Group Advises Hahn & Company on its Fourth Korea-focused Fund

Founded in 2010, Hahn & Co. is Korea’s largest private equity firm specialising in buyouts and corporate restructurings in Korea

BOJ’s policy path fraught with risks after global market turmoil

And yet, after ending the world’s last negative interest rate in March, Ueda appeared to be moving smoothly toward normalization.

Philippines central bank reopens digital banking licences

The Philippines will grant licences for up to four new digital banks from the beginning of 2025, following the successful launch of six banks

Financial advice update

It covers all areas of financial advice regulation and includes a broad range of content relevant to Australian financial services licensees who are advice licensees and financial advisers.

Allens tops finance mid-year rankings

Allens has cemented its place as Australia's leading legal adviser in finance, having topped numerous project finance and syndicated loans rankings for H1 2024.

MAS taps EY to screen family office tax incentive applications

EY will check family offices for links to money laundering, terrorism financing, and other offences.

Insurance Authority inspection results in enhancements to anti-money laundering controls and processes and fine

The Inspection also found scope for the Company to enhance its AML compliance and management oversight processes in its Hong Kong branch.

Consultation Conclusions on Review of Three-Tier Banking System

The HKMA received a total of seven submissions from the banking industry, professional bodies and relevant organisations in the consultation.

Appleby's Hong Kong office shortlisted for three awards in the ALB Hong Kong Law Awards 2024

These awards spotlight and honour the most innovative cross-border work in the Asia-Pacific region.

MAS to require additional screening for family offices seeking tax incentives

The new regulation will require Singapore-based family offices to undergo a screening process from approved providers as part of the application process for tax incentives.

Wanted core member of ramp-and-dump syndicate arrested

The suspect is detained pending the hearing in the Eastern Magistrates’ Court tomorrow.

Anti-scam measures cut scam losses for CommBank customers in half

An increased focus on protecting customers from scams is working but CommBank says there is more to do across big tech, telcos and banks.

Appleby’s Hong Kong office supports Primega on Nasdaq listing

Primega operates in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.

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