Managers of Wealth Asia Pacific

BNM Extends Flexibility to Use Govt Securities to Meet SRR

The SRR ratio itself remains unchanged at 2.00%. BNM lowered the SRR by 100 basis points in March, and 50 basis points in November 2019.

Dentons' lawyers across the Asia Pacific recognized by Chambers Asia Pacific 2021

"You can count on them to provide perspectives that you never realised existed.I would recommend them unreservedly," said a client of Dentons to Chambers Asia Pacific's researchers.

Legal 500 recognition for Carey Olsen in Asia

A leading directory for the legal industry, Legal 500 grades law firms following a thorough and independent research process, which includes interviews with clients and peers as well as information provided by the firms themselves.

GLEIF Enhances LEI Search Engine, Automates Access to LEI Data

LEI Search 2.0 expands the number of search parameters available and provides a new option to view historical changes to any data field of an LEI, from 2018 onwards.

Police arrest seven Hong Kong bankers in HK$6.3 billion money-laundering bust – the biggest case in nearly a decade

Officers also seized HK$7.8 million in cash at the home of one of the suspects, who were detained in a series of raids across the city on Tuesday

China’s Jack Ma Resurfaces For The First Time Since October, Ending Speculation Over His Whereabouts

Ma had disappeared from public view after Chinese regulators moved to shut down his fintech company Ant Group’s planned $35 billion IPO.

Korea to Require Brokers, Insurers to Enhance FX Risk Management

Regulators also plan to enhance FX liquidity standards for nonbank financial institutions, including requirements to hold at least 20 percent of sold derivative-linked securities in liquid assets.

Hong Kong, Thailand Agree Mutual Recognition of Funds

The MoU also establishes a framework for exchange of information, regular dialogue, and regulatory cooperation in relation to the cross-border offering of eligible Hong Kong and Thai funds.

CapitaLand Integrated Commercial Trust Q4 DPU falls 15.4%

Gross revenue was up 36 per cent to $276 million for the quarter, from $203 million a year ago, mainly due to the merger, the manager of the trust said in a regulatory filing.

AML/CFT Regtech: Case Studies and Insights

“This report is the first time that we share comprehensive and practical, hands-on experience from banks that have actually implemented AML/CFT Regtech.“

China continues its efforts to open up its capital markets

Against this backdrop, the Chinese government consulted the public on revisions to the Administrative Measures for Foreign Investors’ Strategic Investment in Listed Companies (Draft Administrative Measures) on 18 June 2020.

PBOC Says Ant Group Working to Overhaul Business Structure

The holding company would also contain MYbank, an online lender in which Ant is the largest shareholder.

First Danish pension fund blacklists China

AkademikerPension will now sell all Chinese government bonds and shares in state-owned Chinese companies.

Opening Remarks for the Family Office Symposium 2021

There are reasons to believe that an answer is available in “Asia”

Reserve Bank of New Zealand describes file sharing breach as "significant"

A detailed forensic cyber investigation is underway and the Bank is working directly with affected stakeholders whose information may have been breached.

APRA progresses consultation on prudential standard governing insurance in superannuation

APRA has also released for consultation an updated version of Prudential Practice Guide SPG 250 Insurance in Superannuation (SPG 250), which contains further guidance on the new proposed requirements.

Lessons Learned From APAC’s Landmark Year of AML Fines

The material failures of Goldman Sachs and Westpac highlighted the need for financial institutions to go back to basics in understanding the underlying reasons for AML laws and why financial crime controls and oversight are so important.

South Korea: BoK expected to remain on hold in 2021 – UOB

The government is likely to continue to rely on macro prudential measures to address its concerns for the housing market while interest rate normalization is likely premature given the uncertainties.

Former Hong Kong lawmaker rejects HSBC's explanation over frozen accounts

In his Facebook post, Hui asked HSBC to explain why members of his family were also “collectively punished”.

China’s bank regulator gives a vote of confidence to Hong Kong’s ‘vital and indispensable’ role as Asia’s financial hub

The GBA is a cluster of 11 cities in southern China’s Guangdong province – including Hong Kong and Macau – that forms the nucleus of one of the world’s fastest-growing economic regions.

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