Managers of Wealth Asia Pacific

Consortium of Japanese Firms to Test Digital Currency in April

The project aims to address a lack of interoperability between cashless payment applications, which remains a hurdle both for consumers and retailers.

AUSTRAC Reports on Fintel Alliance Efforts to Combat Criminal Threats

The report highlights work to protect individuals from criminal networks trying to exploit the Covid-19 pandemic such as through fraudulent claims on superannuation and government payments.

Singapore central bank unveils grant for developing green loan frameworks

“The grant will also encourage banks to develop frameworks so that small and medium-sized enterprises can access such financing more easily,” MAS says in a statement on November 24.

Hin Leong founder OK Lim denies HSBC's forgery claim

HSBC, Europe's largest bank, has the most exposure to Hin Leong at about US$600 million, the most among 23 banks.

AB Bank siphons Tk 236cr more

ACC finds 25 people involved

End of the road for advice qualifications

The paraplanning qualification will provide a benchmark qualification to raise the level of knowledge and skills to that of the Australian Qualification Framework level 6.

Bank of Japan's Kuroda says no immediate need to overhaul policy framework

Mr Kuroda also stuck to the BOJ's view that Japan's economy is on track for a moderate recovery, even as a recent resurgence in coronavirus infections cloud the outlook.

Uncertainty Ahead for Hong Kong Family Office Outlook

But questions over Hong Kong’s independence from a much more interventionist mainland China have grown in the last year as Beijing has taken a more strident approach to the city’s freedoms

FATF President Calls on G20 to Fully Implement AML Standards

Pleyer points to human, drugs, arms and wildlife trafficking, as well as corruption and terrorism, as some of the consequences of ineffective action against money laundering. “

Are asset consultants caught in the same ‘independent’ trap as financial advisers?

They pointed to Section 923(a) of the Corporations Act dealing with restrictions on the use of certain words and expressions and said that it did not expressly solely cover retail financial advice delivered to a financial adviser whilst excluding wholesal

IOOF encounters attrition amongst Godfrey Pembroke advisers

Confirming the approximate 75% adviser number to Money Management, Manzouratos noted the manner in which IOOF had recognised the underlying spirit of the Godfrey Pembroke adviser group with a seat on the licensee board.

Redomiciling A BVI Or Cayman Islands Company To Singapore

For a company to redomicile, it must be permitted to do so in both its originating jurisdiction and in its destination jurisdiction.

CBIRC Approves Bankruptcy Filing by Baoshang Bank

The PBOC (People’s Bank of China) had said in August that it would allow Baoshang to file for bankruptcy and liquidate any remaining assets.

China Vows ‘Zero Tolerance’ for Bond Issuer Misconduct

In a Saturday meeting chaired by China’s vice premier Liu He, the FSDC said it would strictly investigate any bond issuer suspected of fraudulent issuances

FSB Warns of Sharp Falls in Asset Prices from Climate Risk

Climate risks could lead to “abrupt” risk premia hikes across a wide range of assets, which could in turn alter price movements in multiple sectors and jurisdictions, also amplifying credit, liquidity and counterparty risks

Malaysia introduces framework for Islamic impact funds

Impact funds in Malaysia are expected to gain traction, according to industry sources.

Conyers Announces Recipient of Annual Hong Kong Commercial Law Prize 2019-2020

This annual scholarship is one of the many ways through which Conyers supports students and future legal practitioners.

MAS enhances RMB liquidity through a new RMB 25 billion initiative for banks

The initiative will deepen RMB liquidity and further strengthen banks’ ability to meet the growing RMB business needs of their customers in Singapore and the region.

The Personal Information Protection Law (draft) and practical advice on Implementing the multi-level protection scheme

Law enforcement bodies have also stepped up their efforts in inspecting the implementation of MLPS. Companies are often baffled by numerous standards and technical requirements and therefore facing more compliance challenges.

Hong Kong Proposes to Shorten IPO Settlement Time from "T+5" to "T+1"

Below are the tasks each user group is expected to conduct on FINI and the activities to be conducted off the platform

Legal, Regulation & Compliance