Managers of Wealth Asia Pacific

Banks ring recession risk, while China stimulus hopes emerge

As Trump’s aggressive tariffs roil markets and heighten fears of a US recession, Pictet Asset Management slashes risk outlooks, forecasting an 11% S&P 500 plunge.

Advice licensees pay penalty for authorising advisers who gave advice while unregistered

ASIC acted because it had reasonable grounds to believe that the AFS licensees, had authorised a financial adviser who gave personal advice to a retail client in relation to relevant financial products while the adviser was unregistered.

HKMA and banking sector support SMEs from various industries

Up until the end of March 2025, the Taskforce has received around 590 enquiries and cases from various industries through different channels, of which nearly 90% have been handled.

Appleby Celebrates Recognition in Nine China Business Law Journal Deals of the Year 2024

We are honored to receive recognition for these landmark deals

APRA accepts Court Enforceable Undertaking from ANZ and increases capital add-on to $1 billion

APRA has also increased the capital add-on applied to ANZ from $750 million to $1 billion.

APRA and the RBA release joint statement on the use of the RBA’s overnight standing facility

APRA and the RBA consider the use of the overnight standing facility by banks to be consistent with routine liquidity management activities.

What small businesses need to know about sustainability reporting requirements

These new rules require large businesses and financial institutions to disclose information each year

Hong Kong Academy of Finance admits participants for the Financial Leaders Programme 2025

The FLP offers a unique opportunity for participants to engage in dialogue with top leaders in financial services and other sectors.

Japan's Core Consumer Prices Surge Above Central Bank Target

Despite government subsidies, inflation pressures prompt speculation on interest rate hikes.

HDFC Bank now accepting deposits under India’s savings scheme for seniors

HDFC will act as an agency bank and help source scheme deposits.

Charges discontinued against former director of G8 Education Limited

The CDPP conducted a further review of the matter and determined that the charges against Ms Hutson should be discontinued.

APRA makes minor changes to reporting standards

APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.

ASIC puts car finance under the microscope including outcomes for regional and First Nations consumers

The review will cover the practices of seven lenders and pinpoint opportunities for improvement across the sector.

Scam Alert: Beware scammers impersonating ASIC requesting payments to release funds or assets

ASIC does not collect payments to enable the release of funds or assets.

Ogier's Rachel Huang recognised in China Business Law Journal's A–List 2024-25: Growth Drivers

Rachel has extensive experience in various corporate and capital markets matters

Former financial adviser Peter Surtenich permanently banned

Additionally, ASIC determined that Mr Surtenich lacked the necessary judgement and competence to be a financial adviser.

MAS Monitoring Chocolate Finance to Ensure Orderly Withdrawals

The regulator said that Chocolate Finance and Allfunds comply with regulations requiring customer assets to be segregated and held by licensed, independent custodians

ASIC bans former director of Suetonius Wealth Management

Additionally, ASIC determined that Mr Surtenich lacked the necessary judgement and competence to be a financial adviser.

ASIC bans former financial adviser Harris John Kohu Shortland for a period of seven years

The banning took effect from 4 March 2025.

APRA proposes changes to strengthen and streamline governance and fit and proper requirements

The proposals will ensure that APRA’s governance standards reflect contemporary best practice and establish clear benchmarks for regulated entities.

Legal, Regulation & Compliance