Managers of Wealth Asia Pacific

StanChart Explores Second Digital-Only Bank

This will give us the option to explore an additional banking license.

MAS Awards Licences to Four Digital Bank Applicants

The licences were awarded to the Grab-Singtel consortium, a Sea Limited subsidiary, an Ant Group entity, and a consortium formed by a Chinese property giant.

CBA granted banking licence for Dutch subsidiary

Commonwealth Bank of Australia is a step closer to providing better access to European markets for its institutional clients post-Brexit.

Hong Kong to Introduce Corporate Rescue Regime Next Year

The proposed corporate rescue procedure will allow the appointment of a provisional supervisor to act as a distressed company’s agent while it is continuing to act as a going concern.

Mudasir Mohammed Naseeruddin arrested and charged with dishonest conduct

ASIC also alleges that Mr Naseeruddin misused his position as a director of Secure Investments for his own benefit by using funds invested with the company to purchase shares for himself in a security company.

PBoC: Don’t Bet on Bailouts

Although also a driver of monetary policy, PBoC differs from other major central banks such as the U.S. Federal Reserve and the European Central Bank in that it is not an independent institution but an entity directly under the State Council

Asia Digital Bank obtains licence from Labuan FSA

On the other hand, it will enable high-quality investors from Asean and the world to participate in and share the fruits of regional economic growth.

Westpac hit with a second bank regulator penalty

The breaches, which were identified during 2019 and 2020

Turning hope into reality

A brighter outlook but recovery will be gradual

ASIC consults on consumer remediation guidance

ASIC is currently monitoring over 100 remediations that could see the return of at least another $3.55 billion in total to over 3.6 million consumers upon finalisation.

HKMA Unveils New FPS Feature Allowing Link to HKID

FPS turnover has also grown steadily. In October 2020, the average daily turnover reached 452,000 real-time transactions (worth HKD 4.4 billion and CNY 44 million), an increase of nearly twofold from December 2019.

Singapore Launches Initiative to Groom Future Private Bankers

Trainees will complete a traineeship period which will make up at least 30 percent of the university programme duration.

ESG Indices Offer Ethical Investment Without Sacrificing Returns: HKEX

The HKEx study noted that ESG investment strategies had become increasingly popular with investors, driven by multilateral initiatives such as the Paris Agreement and the United Nations Sustainable Development Goals, “as well as the growing market d

Trustees to improve occupational classification practices in insurance in superannuation

Trustees often have limited data about members’ occupations.

Further rate cuts extraordinarily unlikely

“The unemployment rate currently stands at 7% and we are expecting it to be still above 6% in two years time.”

Philippine central bank opens the door to digital banks with nod for licensing rules

The central bank didn’t set a limit on the number of licences it will issue but says there may be a cap depending on the number of applications.

China’s Growth Recovers Amid Signs of Caution

Moreover, China’s domestic growth is uneven and has been fueled by rising levels of debt.

Ogier advises Geely Automobile on listing on Shanghai stock exchange

The Ogier corporate team was led by partner Nathan Powell

Arrangements relating to SFC’s public services

This may affect, for example, some licensing applications, some product applications, and our public complaints and enquiry service.

Finance broker convicted of making false statements to ASIC

The Commonwealth Director of Public Prosecutions prosecuted the matter after a referral from ASIC.

Legal, Regulation & Compliance