Managers of Wealth Asia Pacific

Class action accuses NAB of super rip-off

MLC Nominees and NULIS are also facing a Federal Court action from ASIC alleging the trustees misled MasterKey super members.

PHILIPPINES: New rules to boost Islamic banking

It added that other key pillars of Islamic finance, such as sharia-compliant insurance (takaful) and sukuk, would be required for a fully developed Islamic financial ecosystem.

PHL banking sector seen to weather risks this year on economy’s strength

The credit rater said that among key credit drivers for the Philippines in 2020 are the recovery in economic growth on the back of government spending and the possibility of continued monetary easing.

Global banks hit with £6.2bn in fines

This is double the amount, and nearly double the value, of penalties handed out in 2018, when 29 fines of $4.27bn (£3.2bn) were imposed.

Hong Kong leads the way with its inaugural recognition of Mainland appointed Administrators

The Administrators sought the recognition order to stop the creditor from obtaining a garnishee order absolute and to preserve the Receivables for the benefit of all creditors.

UBP recommends looking outside of the US

The combination of monetary and fiscal policies globally should help drive corporate earnings.

Unrests In Hong Kong Hits Lucrative Life Insurance Sector

Sales have since fallen further as hostility in the territory towards mainland Chinese has grown and tourist arrivals have plunged, industry analysts warned.

AMP remediation processes questionable

As part of it, AMP contacted customers last year to notify them of the money they were owed but didn't ask them to nominate an existing super account for the refunds to be paid into.

Wall Street Wants to Conquer China. Here’s What May Go Wrong

China is home to the world’s four largest banks by assets, the biggest global fintech company and other formidable competitors.

Recognition for Appleby Hong Kong in the latest Legal 500 Asia Pacific rankings

Appleby has maintained its ranking, with clients in particular highlighting Appleby’s capability ‘to operate well in both English and Chinese’

Fitch: New Philippine regulations may boost Islamic banking

The BSP's new regulations aim to allow the sector to compete on an even regulatory playing field.

China approves three new IPOs

Under the current IPO system, new shares are subject to approval from the CSRC.

Clyde & Co Partner Sapna Jhangiani appointed QC

Sapna was called to the Bar of England & Wales in 1999

The 1MDB scandal: what does it mean for Goldman Sachs?

Fallout continues from the US bank’s involvement with the Malaysian state investment fund

Malaysia regulator releases guidelines for digital fundraising, exchanges

The SC says the guidelines will become effective in the second half of 2020 to allow potential issuers, platform operators and investors to familiarise themselves with the rules.

Australian financial adviser charged with 69 counts of deception

He initially delivered strong returns but the victim could not access them.

MAS and ACRA Launch Variable Capital Companies Framework

The VCC is a new corporate structure that can be used for a wide range of investment funds and provides fund managers greater operational flexibility and cost savings.

Vietnamese central bank invited to become BIS member

The State Bank of Vietnam has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.

UBS’s Hong Kong IPO Sponsorship Ban Lifted

The SFC would like to make clear that the standards assessed in the case of UBS are equivalent to those that are expected to be adopted by all licensed sponsors

Singapore targets more of world’s billions in fund rule overhaul

The move is part of government efforts to build on Singapore’s traditional strength as a financial center and reduce the economy’s reliance on more volatile sectors such as trade.

Legal, Regulation & Compliance