Managers of Wealth Asia Pacific

Days of reliable bank dividends ‘long gone’

Westpac should generate strong profits as loan losses fall, cash rates begin to rise, and cost savings are achieved, according to Morningstar.

Indonesia reforms target central bank’s hard-won independence

Critics say loss of autonomy would shake confidence in south-east Asia’s largest economy

Motley Fool Closes Hong Kong Office

In its parting statement, Motley Fool also included one last piece of advice for Hong Kongers: to diversify investments outside of local and mainland Chinese equities.

Banking Industry Collaborates on Trade Finance Registry

The POC, which was developed on a blockchain network supported by technology provider dltledgers, was completed in three months.

MAS Announces Extension of Credit Support Measures into 2021

To be eligible, individuals should be able to provide proof of income impact and must not be more than 90 days past due on their loan payments.

China's Hong Kong signs tax pact with Georgia to avoid double taxation

This CDTA will come into force after being approved by related authorities of both sides.

APRA rolls out new assessment model

APRA may skip the supervisory stages depending on whether an entity needs increased supervision.

Singapore impact firm obtains HK licences

Earlier this year, 8F Asset Management attracted at least $300m for its first fund from family offices and institutions globally, including Asia.

AmBank Group implements Kamakura Risk Manager for Basel 3 LCR and NSFR

The Basel Committee on Banking Supervision reformed the LCR and NSFR ratios in response to the financial crisis to ensure that banks hold sufficient reserves of high-quality liquid assets and have adequate stable funding, to promote a more resilient bank

1MDB Trial of Najib Razak Delayed by Quarantine

At 3.5 million, the state of Sabah represents a little over 10 percent of Malaysia’s overall population of nearly 32 million.

ANZ fined $10 million by Asic after unlawfully levelling $3 million in customer fees

ASIC acknowledges the cooperative approach taken by ANZ to this litigation, which allowed the matter to be efficiently resolved by the Court.

Carey Olsen makes offshore shortlist at HFM Asia Services Awards 2020

The offshore category is one of 28 awards to be announced on the night

HKMA Directs Banks to Review, Enhance Sales Practices

In a new report, the HKMA has summarised the findings and good practices identified by the mystery shoppers.

How EY missed the chance to stop Wirecard’s fraud

Auditors continued to sign off payment group’s accounts even after a whistleblower’s tip

UK manager Man AHL gets China foreign investor licence

“We are excited to be one of the few systematic fund managers that have been granted a QFII licence so far, and to thereby gain wider access to China’s highly developed and liquid onshore market,” Antoine Forterre, co-chief exec

Europe rushes to standardize ESG securities sold to Asian investors

Regulators seek increased transparency, disclosure for firms and products

India pledges to pay interest for small debtors hurt by lockdown

Banks will have to forgo six trillion rupees if interest on all loans are waived off, according to the government's affidavit.

Eagle hospitality trust directors arrested in Singapore

Section 203 of the Securities and Futures Act deals with the responsibilities of corporate officers to make necessary disclosures to the Exchange.

Director pleads guilty to breaching directors’ duties

At the time of the conduct, a contravention of s184 (2) of the Corporations Act 2001 attracted a maximum penalty of 200 penalty unit or imprisonment for 5 years, or both.

RegTech Asia 2020: Regulatory Reporting & Data Management

Patricia Lee, Contributor at Regulation Asia, spoke to experts to find out how regulatory reporting requirements have been changing in APAC and what this has meant for data management practices at financial institutions.

Legal, Regulation & Compliance