Managers of Wealth Asia Pacific

Super funds face fresh data requirements

The regulator said the PDC would give APRA oversight into member switching, investment options, foreign currency exposure and hedging, to better understand the impact of COVID-19 on the industry.

Swedish pension fund blacklists Korean firm for alleged human rights abuses in Peru

AP7 said the move is in line with its intention to invest in companies “that in an acceptable way adhere to the international norms and conventions signed by Sweden,” following principles by the UN Global Compact and Paris Agreement to the UN

2 million Aussies at risk of $12k fine

Now, the Australian Tax Office (ATO) is warning it’s closely monitoring those who do choose to withdraw the cash but who aren’t eligible.

Standard Chartered and HKTDC Launch "Standard Chartered GBA Business Confidence Index"

The index includes five sub-indices which give indications on the business confidence for each industry, including manufacturing & trading, retail & wholesale, financial services, professional services and innovation & technology.

ASIC sues CBA, CFS over RC case

ASIC alleges that more than $22 million in conflicted remuneration was paid by CFSIL to CBA for the distribution of Essential Super, a superannuation product issued by CFSIL.

Third Time Lucky? Hong Kong Court of Final Appeal Clarifies Mental Element for Money Laundering – Again

The circumstances of the offence involved fraudsters hacking into emails between a buyer and a seller of fertiliser.

Investment house Optimus under spotlight for alleged fraud

Optimus raised the fund via 54 feeder funds that are meant to target trade receivables of companies dedicated to state-led construction projects.

Hong Kong Instability Fuels Hiring in Singapore

Julius Baer has been growing our Greater China franchise in Singapore over the past five years, said David Shick, head of private banking for Greater China at Julius Baer without providing any hiring details.

NAB, Deloitte struggle with Hayne advice compensation

NAB's $2.35 billion wealth remediation program has run into trouble after Deloitte set up a separate low-cost delivery arm staffed by inexperienced graduates banned from saying they work for the big four firm.

Do as we say! China orders UK firms to obey or else they'll 'pay price and be hit hard'

BRITISH firms have been sent a powerful warning by Chinese state media with one firm told they face a "life or death test", in a stinging attack, as they respond to the new security law in Hong Kong.

Reactions to details of Hong Kong's new national security law

Investors will bide their time before deciding on moving their capital out.

Bank of Baroda closes subsidiary in Ghana

The closure of overseas bank branches is part of government''s plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.

Bank of Thailand Plans to Create Digital Currency Prototype for Corporate Sector

The model will maximize the efficiency of corporate payment infrastructure by adding flexibility to remittance work and enabling rapid payment processing between companies.

Centre for Asian Philanthropy and Society’s Doing Good Index Plots Way Forward in Post-Covid-19 World

Governments struggling to meet growing social demands will need help from private and social sectors

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Indonesia central bank makes year's 3rd rate cut, trims GDP outlook

Governor Perry Warjiyo pledged to keep all of BI's instruments "accommodative" and said there was room for further monetary easing, while trimming BI's outlook for 2020 GDP growth to 0.9-1.9 per cent from 2.3 per cent.

MAS says 14 of 21 digital bank applicants eligible for next stage of assessment

In the next stage of assessment, the 14 eligible applicants will have to present their proposals to MAS via virtual meetings.

FIIG calls for taxation, regulatory overhaul

FIIG said as a result they are extremely different to other OECD countries and materially divergent from what is considered to be well documented best practice.

SFC publicly criticises CICC Financial Trading Limited and China International Capital Corporation Limited for breaches of Takeovers Code

The disclosure obligations in the Takeovers Code are intentionally onerous to reflect the fact that a high degree of transparency is essential to the efficient functioning of the market in the critical period of an offer or possible offer for a company&am

China's security laws send chill through Hong Kong finance sector

Economists and analysts fear prosecution or self-censorship in research reports

Legal, Regulation & Compliance