Managers of Wealth Asia Pacific

DBS Cuts CEO Payout

According to Gupta, 2020 was an «inflection point» from three key perspectives that will have future implications for the bank: accelerated digital adoption, work transformation and sustainability.

ASIC commences civil penalty proceedings against Statewide Superannuation for misleading or deceptive correspondence

ASIC also alleges Statewide failed in its breach reporting obligation to report these breaches to ASIC within 10 business days.

Thailand mulls higher government contributions to NSF, raising age limit, report says

The government matches 50% of contributions by those aged between 15 and 30 years, capped at 600 baht a year, and 80% by those in the 31-50 age bracket, up to a maximum 960 baht.

HKMA Extends Principal Payment Holiday Scheme Again

Banks can consider on a case-by-case basis whether other forms of relief are more suitable to help these customers ride out their current difficulties, subject to prudent risk management principles, the HKMA said.

Tokyo Exchange Obtains ESMA Recognition Under BMR

The TSE has said in a statement that it has received recognition for its benchmarks and that these have now been entered into ESMA’s public register.

Former NSW financial adviser charged with dishonest conduct and fabricating evidence

Mr Nesseim previously ran the financial services business Smart Financial Strategies.

APRA releases general insurance statistics for December 2020

Industry reported a net profit after tax of $35 million and return on net assets of 0.1 per cent during the year ended 31 December 2020.

Hong Kong police, stock regulator freeze HK$900 million, arrest 12 in joint crackdown on ‘ramp and dump’ investment scam

The first-ever joint operation saw 27 locations raided by more than 160 law enforcers and staff from the Securities and Futures Commission

Philippine banks' bad loans swell far faster than ASEAN peers'

Southeast Asian lenders face worsening asset quality and profitability on COVID

ASIC Charges Former Apogee Financial Adviser for Deception

ASIC also alleges between August 2017 and October 2017, Saad attempted to obtain a further AUD 92,400 on behalf of 10 of his clients.

Japan FSA Set to Revise Corporate Governance Code

The code was first published in March 2015 as part of efforts by former prime minister Shinzo Abe to raise the focus on shareholders’ interests at Japanese companies.

Managing the risks of remote working in financial institutions

The Paper looks at possible risks to FIs in the areas of operations, technology and information security, fraud and staff misconduct, and legal and regulatory risks.

ABA Bank picks Alessa for AML compliance

Alessa is trusted by financial institutions to meet their compliance and fraud prevention needs.

MAS, banks association issue paper on mitigating remote working risks

MAS said financial institutions are advised to benchmark their remote working controls against the examples in the paper.

FSB Urges Indonesia to Further Advance OTC Derivatives Reforms

The review finds that the Indonesian authorities have made some progress in implementing OTC derivatives reforms, while focusing on developing their domestic derivatives market.

Monetary Authority of Singapore issues guidance on remote working

MAS encourages FIs to benchmark their remote working controls against the examples in the Paper.

Baker McKenzie wins 2020 Global PERE Awards for Law Firm of the Year in Asia

"We are thrilled to be named Asia Law Firm of the Year in both the 'Fund Formation' and 'Transactions' categories."

Appleby Advises in Structured Deal for India Green Power Holdings

The Company will provide financing for renewable power projects that will generate and provide clean power in India in a sustainable manner and support the communities where its projects are located.

Malaysia Secures Settlement from AmBank to Resolve 1MDB Claims

The MYR 2.83 billion payment settles “all outstanding claims and actions in relation to the AmBank Group’s involvement in the 1MDB matter,” the Ministry said.

ANZ Hit by 1MDB-Linked Malaysian Bank Settlement

ANZ’s upcoming half-year results will take a hit as a result of the writedown but its overall capital position will not be affected as it already holds 100 percent capital against its AmBank stake.

Legal, Regulation & Compliance