Managers of Wealth Asia Pacific

APRA releases consultation to enhance capital adequacy for ADIs with subsidiaries

The revised capital treatment of ADIs’ equity investments in their subsidiaries is the most material change to APS 111.

Leading law firm for 8 areas in 2 jurisdictions in Benchmark Litigation Asia Pacific 2021

Benchmark Litigation Asia Pacific is a publication that focuses exclusively on the region’s litigation and dispute market, providing rankings of firms and litigators considered to be of an elite status.

MAS Issues Revised Corporate Governance Guidelines for FIs

The revised guidelines incorporate the changes to the Corporate Governance Code, as well as additional guidelines for Singapore-incorporated financial institutions, taking into account international standards and industry good practices.

1MDB, SRC file 21 separate civil suits worth billions against banks, individuals for involvement in fraud

One of the suits also targeted fugitive businessman Low Taek Jho (Jho Low), his father Tan Sri Low Hock Peng, sister Low May Lin and accomplice Eric Tan Kim Loong from whom 1MDB is seeking a total of US$1.402 billion (RM5.76 billion).

Malaysia sues Deutsche Bank, JP Morgan, Coutts over 1MDB

The three companies did not immediately respond to a request for comment on the claims in the lawsuit.

ASIC grants temporary relief from certain dollar disclosures in PDSs for litigation funding schemes

The relief is consistent with the current practice of Australian courts in permitting the non-disclosure of such information to opposing parties in class actions, given the information could provide a tactical advantage to opposing parties.

IOOF acquisition of MLC gets green light

MLC will deliver a step change in our scale and reach, providing substantial benefits to our clients, members, and ultimately our shareholders.

GBA Wealth Connect scheme becomes effective on June 5

The issuance of the rules marks an accelerated pace in the development of the GBA in terms of innovative financial regulations

SFC May Have Doubts About Allowing SPAC Listings – Report

The SPACs frenzy has prompted exchanges in Singapore and Indonesia to also explore the possibility of allowing SPAC listings in their markets.

Ten things Institutional Investors need to know about investing in Hedge Funds

What should investors consider when making Hedge Fund investments?

Ogier in Hong Kong advises on US$1.1 billion loan for take-private of China Biologic

The Ogier team was led by banking partner David Nelson with support from associate Sara Law.

Monetary Authority of Singapore invites applications for green fintech accelerator

All FinTech firms and solution providers are encouraged to submit their applications for the MAS Global FinTech Hackcelerator here by 11 June 2021.

Conyers Shortlisted for ALB China Law Awards 2021

In addition, nine significant matters led by our Hong Kong-based lawyers were also shortlisted as Deals of the Year.

Mitigating FX Settlement Risk in Japan’s Pensions Industry

As of 2018, foreign investments accounted for roughly a third of global pension funds’ total assets under management and 34% of total pension investments (compared to 31% in 2014).

Appleby Asia Group Head Judy Lee is recognised in the IFLR1000 Women Leaders List 2020

Judy continues to be the only offshore lawyer in the Asia-Pacific region to be included.

Maples Group Launches Irish Asset Finance Offering in Singapore

The new offering is a part of a long-term strategy to expand the Maples Group's market-leading Irish Asset Finance practice and follows Kinsley's secondment to the Group's Irish office where he worked alongside the Irish aviation team.

KPMG recommends super changes

KPMG national sector lead for asset and wealth management Linda Elkins said the exclusion of SG from Paid Parental Leave exacerbates the gap between men and women, as women are often using the leave.

Commencing Divorce Proceedings - Service on Spouses Overseas

In the Philippines, we can only effect such service on nationals of the originating state.

Ex-Prudential agency manager breached agreement in soliciting mass defection to Aviva, says High Court

The assessment of losses would be calculated by UK consultancy Berkeley Research Group's chairman Richard Boulton, the judge added.

Bank of Japan board agreed to focus on keeping yields low: March meeting minutes

The BOJ kept monetary policy steady at the March meeting and unveiled steps to make its tools sustainable enough to weather a prolonged battle to achieve its elusive 2 per cent inflation target.

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