Managers of Wealth Asia Pacific

Hong Kong SAR: Amending AMLO: The Next Step on the Road to Regulating Virtual Assets

In the Conclusion the FSTB has confirmed the approach it will take will be in line with most of the proposals in the Consultation Paper

Reserve Bank takes TSB to court on anti-money laundering law breaches

The Reserve Bank is taking TSB Bank to court for breaching anti-money laundering laws

China’s Banking Regulator Adds Limits on Wealth Management Marketing

Otherwise the China Banking and Insurance Regulatory Commission’s final regulations differ little from the draft released five months ago that blocked WMP sales on internet platforms.

Govt faces defeat on YFYS bill

The APRA analysis showed that as at the end of the March 2021 quarter, 54% of the $2.0 trillion investments were invested in equities, with 27% in international listed equities, 23% in Australian listed equities and 4% in unlisted equities.

BSP Islamic banking liquidity risk rules out

During the observation period, the IB and IBU shall submit quarterly reports to the Bangko Sentral for monitoring purposes.

ICMA, Bloomberg Publish APAC Guide on Tough Legacy Bonds

The report says 74 percent of this is primarily concentrated among financial issuers.

Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference on “Macro-Financial Stability Policy in a Globalised World: Lessons from International Experience”

This year’s AMPF gathers central bank governors, senior officials and leading academics, to discuss macroprudential policies that safeguard financial stability and complement monetary policy in the context of international spillovers.

Charges filed in the Federal Court against ME Bank

The Court has not yet set a date for the first return of the matter. Further details will be released following that hearing.

LIBOR transition in the Asia Pacific region: Time is running out

Fallback language and legislative solutions are (and always will be) a ‘seatbelt’ solution; ASIC believes firms should examine whether this passive approach is the best option.

ASIC sues AMP for charging deceased customers

ASIC further alleges that the AMP companies’ conduct demonstrated a system of conduct or pattern of behaviour that was, in all the circumstances, unconscionable.

APRA releases general insurance statistics for March 2021

The industry reported a profit of $19m for the March quarter.

Japan FSA Releases Guidelines on Climate Transition Finance

During the consultation, feedback was also sought from ICMA (International Capital Market Association), to ensure consistency with the ICMA Climate Transition Finance Handbook, which was published in December.

WWF and Ogier back pioneering Climate Impact Asia Fund

The fund focuses on long only equity investments in the Asia Pacific region with a defined "climate universe", investing in companies that contribute towards the adaptation or mitigation of climate change and/or the transition to a low carbon ec

Hong Kong seeks power to jail unlicensed bitcoin trading as city looks to combat money laundering via crypto-exchanges

Exchanges and start-ups expect smaller players to quit as the city will only permit trading by professional investors

KPMG to help courts with of Singapore's biggest fraud cases

A number of lawsuits have been filed against Zhi – who reportedly took sums ranging from $500,000 to $3 million from five big-ticket investors at the start of this year, for transactions that never materialized.

Australian Strategy Partners teams up with OC&C Strategy Consultants

Australian Strategy Partners focuses on three offerings: strategy development, commercial due diligence and top-line growth, backed by a data-driven approach.

Christopher Bickley Named Asia’s Top Offshore Lawyer Once Again

Asian Legal Business’s Offshore Client Choice List recognises 10 outstanding lawyers from offshore law firms who have exceeded client expectations.

Thailand regulator okays bourse’s proposal to let SMEs, startups go public, report says

SEC spokespersons did not immediately respond to questions from Asia Asset Management.

Hong Kong’s MPFA new chief to keep eMPF launch on schedule

Launched in 2000, the MPF had around HK$1.1 trillion (US$141.02 billion) of total assets under management as of December 2020.

Full Steam Ahead: Second Draft of China's Personal Information Protection Law and Data Security Law

The effect of this article is that online platform service providers based overseas

Legal, Regulation & Compliance