Managers of Wealth Asia Pacific

AMP: Update on proposed private markets transaction

AMP and Ares continue to work towards a potential transaction

Deutsche Bank Rebuilds Asia ECM Unit

It will also likely mirror the bank’s U.S. strategy where it is focused on special purpose acquisition companies (SPAC); tech firms; and existing clients which have been proven to be profitable.

The HKMA launches Global Regtech Challenge

The Global Regtech Challenge is created with the aim of further growing the local Regtech ecosystem.

Innovation in Central Banking – Seizing Opportunities, Securing Our Future

Innovation is transforming the financial sector.

BIS Innovation Summit 2021 “Central Bank Innovations: Payments, Data and Capabilities”

Howard Lee, Deputy Chief Executive, Hong Kong Monetary Authority

ASIC releases advice fee consent and lack of independence disclosure legislative instruments

ASIC considers that the legislative instruments strike an appropriate balance between minimising regulatory burden for the financial advice and superannuation industries and ensuring that consumers receive the information that is relevant to them.

APRA completes first phase of its Superannuation Data Transformation

APRA Deputy Chair Helen Rowell said the completion of Phase 1 would be a major step in APRA’s efforts to lift industry standards and weed out underperformers.

Korea’s New AML Law for VASPs Set to Take Effect

VASPs engaged in the purchase and sales, exchange and transfer, safekeeping and administration, intermediation and brokerage of virtual assets and virtual asset transactions would be required to comply with the new regulation.

MAS and ABS: Prepare for Agile Working

The report said it forsees FIs embracing remote working as part of their culture and tapping into different areas outside the CBD for workplace options near home.

Singapore businessman linked to alleged fraud of record $1 billion charged

The Commercial Affairs Department has seized $100 million of assets from Ng.

APRA Warns ADIs of Risks from Indemnities in Divestment Transactions

Indemnity types should also be clearly distinguished to reflect the difference in risk profile of the underlying exposures.

Central banks’ unenviable taper dilemma

While central banks are clearly not responsible for today’s investment decisions

ASIC to adopt ‘no-action’ position for AGMs

The details of the ‘no action’ position will be made available over the coming days and will include guidance around the appropriate approach to conducting virtual meetings.

Taiwan Central Bank Tightens Controls on Property Lending

The central bank said the credit controls aim to stem property speculation by highly leveraged borrowers, and would not affect people with real demand or urban renewal projects.

Malaysia SC Probes Share Disposals by AmBank Execs

AmBank said it had received notification from the three senior officers on share sales, but did not reveal the receipt date.

China crackdown cuts Big Tech down to size

"These actions look quite reasonable."

China central bank head says policy needs to selectively support growth, curb risks

The comments were published by the PBOC on Sunday.

Malaysia regulator to unveil 2021-2025 capital market masterplan in second half

The SC did not say why the new plan covers a much shorter duration

ANZ, CBA settle class action

ANZ also settled court action with ASIC in 2017 for a confidential and in-principle agreement and in 2018, Westpac was ordered to pay $3.3 million for contravening the ASIC Act in the BBSW saga.

HKMC Signs MoUs with Five Partner Banks on Infrastructure Loans Framework

The MoUs could assist the partner banks in identifying infrastructure-related loan assets for the HKMC, and would further the mandates of the HKMC’s Infrastructure Financing and Securitisation business to fill the infrastructure financing market gap

Legal, Regulation & Compliance