Managers of Wealth Asia Pacific

Standard Chartered Signs Deal With AWS

Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalised banking services in the bank’s 60 markets worldwide.

Vietnam fund makes first use of fast track migration scheme

Introduced in July, the new fast track regime has combined the processes for an incoming manager to gain GFSC consent along with the securing of its licence to conduct fund management into a single 10-day review period.

Thailand securities regulator to cut red tape by 2022, report says

He says the SEC has completed five projects as of September, including development of a paperless application process for mutual funds, and cutting down the number of forms required for bond issuance from 32 to 12.

SGX and CME Expand Clearing Partnership

The other two price return contracts: the SGX FTSE Emerging Market and SGX FTSE China H50 Price Return futures, are planned to be available on the Mutual Offset System (MOS) clearing link with CME from the first half of 2021.

Bank Indonesia and Monetary Authority of Singapore Extend Bilateral Financial Arrangement

The bilateral financing arrangement was established in November 2018, following the Singapore-Indonesia Leaders’ Retreat, where the leaders asked BI and MAS to establish the arrangement to build confidence in each other’s economies.

The AIFMD Review: Potential Impacts for Asia Pacific

The EC is indeed contemplating the idea of having a single rule book for investment funds, with the aim of harmonising the UCITS directive and the AIFMD despite them having different objectives

SFC Fines Credit Suisse Securities Over Market Making Errors

The incident was caused by a logic error in the symbol mapping programme used by Credit Suisse Securities, in its capacity as a stock options market maker, to generate market making quotes.

Goldman Sachs Got Caught

Goldman Sachs has to deal with unprecedented punishment for bribery.

NAB Asset Servicing signs up to Charles River

NAB is the only one of the big four banks to offer custody and asset servicing.

Advisers query ASIC role in academics' FASEA submission

The Griffith University website revealed that Breakey had received grants from a range of organisations, including the Australian Bankers’ Association (ABA) and the Australian Research Council.

China: The Most Complex Jurisdiction For Financial Compliance

Amongst the reasons for China’s ranking was the fact that many multinational companies find Chinese legislation more «layered» than other jurisdictions, with significant regional variations in tax rates.

Life Code Committee to get increased sanctions power

The FSC agrees with the LCCC that the Code should not unnecessarily repeat obligations or clauses of the Charter.

FMA Finalises Standard Conditions for Full Financial Advice Licence

The seven standard conditions for a full licence include: record keeping, internal complaints process, regulatory returns, outsourcing, business continuity and technology systems, ongoing requirements, and notification of material changes.

Financial Institutions Need to Review Security Controls Amidst COVID-19: MAS’ Cyber Security Advisory Panel

At its fourth annual meeting with MAS management on 5 November 2020, the Panel shared its insights on cyber risks in the new operating environment and made several recommendations.

Key Risks to Financial System Have Been Contained: PBOC

In light of the current environment, the government has focused its efforts on maintaining liquidity, guiding market interest rates lower, increasing re-lending and rediscount limits, and introducing credit loan support for SMEs.

Qatar businessmen keen on Islamic finance in PH

“There is also a potential, and inward focus into the Philippines from Qatar, around the area of Islamic finance or Islamic banking,” he said.

China issues another round of QDII quotas

Seven firms received the quotas for the first time.

International Finance Corporation and the Hong Kong Monetary Authority Launch New Alliance to Address Climate Change

IFC research estimates that cities in emerging markets alone have the potential to attract more than $29 trillion in climate-related investments by 2030.

Joe Biden is the next president of the United States — what does it mean for sustainability in Asia Pacific?

A president who has laid siege to environmental causes over his four years in office has been replaced by another septuagenarian who wants the world's biggest economy back in the Paris Agreement.

HSBC Sues Hin Leong Owners

Some 23 banks reportedly lent a total of $3.85 billion to the troubled oil trader, with HSBC reportedly believed to have the largest exposure.

Legal, Regulation & Compliance