Managers of Wealth Asia Pacific

China's prudent policy mix will pay dividends, says Amundi

The $2tn manager believes China will become a core part of global portfolios across asset classes due to Beijing's caution in embracing unconventional monetary policy.

Global banks in Hong Kong push to get staff back to office

Returning to the workplace will allow bankers to attend in-person meetings and help secure more deals in a market where mergers and underwriting deals are set to pick up pace

Law firm Khaitan & Co expands presence in South India with Assentio Legal

The focus of the Chennai office will be on advising clients on general corporate and commercial advisory, M&A, Private Equity and Venture Capital, Solvent and Insolvent Restructuring, Private and Public Investments, among others

Centrum, BharatPe to create new age bank

Centrum said that the RBI's in-principle approval is a validation of Centrum's proven expertise in financial services and BharatPe's Digital Leadership, both essential for setting up a New Age Bank.

China escalates crackdown on $US1 trillion market

“Cash wealth management products are riskier and less transparent,”

ASX200 sexual harassment transparency needed: ACSI

But board discussion on sexual harassment was generally prompted by media coverage (29%), an incident in the industry (25%) or a concern raised by a worker (24%).

ASIC extends licensing relief to all trustees of registrable superannuation entities for consistent treatment under the law

The relief applies to all superannuation trustees for a period of 18 months, ending 31 December 2022.

ASIC review of 31 December 2020 financial reports

ASIC has made inquiries of 15 entities on 22 matters.

China Steps Up Crackdown on $1 Trillion Bank Wealth Products

An estimated 2.5 trillion yuan ($390.5 billion) of the products are currently invested in assets that will soon become non-compliant, and need to be swapped for lower-yielding, high quality investments by the end of next year.

NAB working with Accenture on massive compliance fix

The National Australia Bank has brought in professional services giant Accenture on a secret project to combat shortfalls in its financial crimes compliance

MAS Announces Further Extension of the US$60 Billion Swap Facility with the US Federal Reserve and the MAS USD Facility through 31 December 2021

MAS has maintained ample SGD and USD liquidity in the banking system through its daily market operations.

How Sacred is the Right to be Heard in Arbitration?

The Singapore Courts might also have been expected to place more emphasis on the buyer’s refusal to comply with procedural directions, including the direction to submit written witness statements.

AAT dismisses application for review of ASIC banning order

ASIC found Mr Hutchison misled or deceived his clients by failing to disclose that they had been charged advice fees twice and failed to comply with the proper process for remitting and reporting the fees.

MAS Reprimands AIA Financial Advisers, Prudential, and Two Aviva Entities

The BSC and SCC seek to align the incentives of financial adviser (FA) firms, representatives and supervisors with their customers’ interests, to promote a culture of fair dealing.

Ashurst advises FinClear Holdings

The transaction is a key step in FinClear's plan to enhance its service offering to larger stockbrokers, a key target market within its already diverse client base that includes financial planners, stockbrokers and wealth managers, wealth platforms,

FASEA contradicting ASIC on ‘career break’ pathway

“So, I just can’t see how that [career break] option applies. Ultimately, we need clarification from FASEA.”

ASIC releases guidance on ongoing fee arrangements

INFO 256 answers frequently asked questions about the obligations that apply to fee recipients in relation to ongoing fee arrangements, fee disclosure statements (FDSs), and ongoing fee consents.

Cryptocurrencies Targeted By Australian Serious Crime Taskforce

As part of the effort to tackle cross-border financial crime, the member nations collaborate internationally to reduce the growing threat to tax administrations posed by cryptocurrencies and cybercrime and to make the most of data and technology.

Baker McKenzie advises Equinix

The Baker McKenzie team worked closely with Equinix's internal legal team led by Andrew Sterneberg, supported by Truda Agostino for real estate.

A foreign helping hand: US and Hong Kong discovery in support of Cayman Islands litigation

The principles applied by Justice Kawaley in granting the application included that the request must not be a fishing expedition and that the documents sought must be directly material to matters in issue in the proceedings.

Legal, Regulation & Compliance