Managers of Wealth Asia Pacific

Bank Negara still has room for monetary easing

Therefore, we maintain a 50% probability of a 25 basis points (bps) rate cut at the next Monetary Policy Committee meeting in January.

How 1MDB fugitive Jho Low tried to bargain for his freedom

In a series of conversations, the so-called mastermind behind the Malaysian financial scandal tries to avoid justice.

Philippines, Singapore central banks address cybersecurity risks

BSP and MAS are committed to working together and with other countries and authorities to promote an environment in financial services that fosters the development of the global economy.

Hong Kong banks lose appetite for prime space in world's costliest city as work-from-home becomes permanent after pandemic

From 2021, Standard Chartered plans to allow employees in nine markets, including Hong Kong, to apply for a formal flexi-working arrangement.

Australia's proposed relaxation to lending rules may not spur credit growth

The government said it is seeking to remove a one-size-fits-all approach. "Responsible lending has become restrictive lending," Treasurer Josh Frydenberg said.

Malaysia securities regulator launches framework to promote Islamic funds

The framework will integrate commercial with social objectives and enable investments for the greater good of society.

Southeast Asian Currencies Face Central Bank Hurdles This Week

Thai, Indonesia, Philippine central bank meetings are due

Asian central banks focus on managing systemic risk

Likewise, regulators also discussed the need to ensure adequate liquidity, anticipation of recoveries in 2021, and the timing of exit from expansionary policies.

AMP Capital shutters Aussie equities fund

AMP Capital has decided to close its 19-year old sustainable share fund, after its portfolio managers Genevieve Murray and Emily Woodland announced their resignations in August.

ASX market outage lasts all day

The ASX equity market paused trading this morning, and will not open until tomorrow morning.

OECD, UNDP Launch Plan to Align Global Finance with SDG Goals

According to new research from Standard Chartered, SDGs are not getting the investment needed to meet the targets by 2030.

Pimco obtains QDLP qualification

At least six foreign managers are expected to launch QDLP products in China this year.

Thai central bank agrees on cap for commercial banks' 2020 dividends payments

The measure was in line with guidelines from overseas regulators and would benefit financial institutions in the long run

ASIC Amends Proposed Intervention Order for Continuing Credit Contracts

The changes are to address potential unintended consequences of capturing certain sub-classes of continuing credit contracts that were not being issued to retail clients in the way described in CP 330.

Korea FSS Estimates Optimus Fund Losses Could Reach $300m

The FSS suspects these funds were either embezzled or used to pay back existing investors.

APRA Updates Draft Prudential Standard on Remuneration

The draft standard has moved to a more principles-based approach that is designed to be risk-based and proportionate, with more comprehensive requirements for larger, more complex regulated entities, i.e. Significant Financial Institutions (SFIs).

Labuan IBFC registers seven new captives in first half of 2020

Labuan IBFC is a “whitelisted” jurisdiction by the European Union and deemed largely compliant by the Organisation for Economic Co-operation and Development.

Malaysia securities regulator seeks feedback on plans to bolster unit trust industry

Current guidelines restrict lending only to eligible securities.

China's Xi Behind Ant's Failed IPO

In recent days, Beijing has also moved to strengthen antitrust laws and rein in the monopolistic behavior of the country’s top internet firms, amid a booming internet economy, accusing major players of unfair competitive practices.

ABS Releases Enhanced Listings Due Diligence Guidelines

A key update is to increase focus on the assessment of the adequacy and effectiveness of the issuer’s internal controls to meet its business needs and challenges as a listed company.

Legal, Regulation & Compliance