Managers of Wealth Asia Pacific

Singapore Launches New VCC Framework for Funds

VCCs are also eligible for tax exemptions.

Consumer warning of 'profiling for profit' by fintechs

The Financial Rights Legal Centre and Consumer Action Law Centre says the enhanced privacy protections in the government's consumer data right legislation are crucial to protect customers

Ex-BOS exec gets IAM licence

Independent asset manager Raintree Asset Management, run by Bank of Singapore’s former DPM head, has started onboarding clients.

Nomura Middle East head: Saudi-Japan business links to move beyond oil

Makoto Kinone talks to Arab News during Japanese Prime Minister Abe’s visit to the Gulf

S'pore sees big interest in digital bank licences

Impact could be huge if licensed firms use city-state as gateway to region

Tonik gets digital-only banking license from BSP

Tonik believes the Philippine banking sector was ripe for a digital disruption, in line with the trend in other markets, where digital-only “neobanks” have rapidly captured millions of customers and attracted over $5 billion of global investor

Commonwealth Super mulls platform changes

It is asking respondents to reply with conceptual architecture of their proposed solution, the cost of implementation, risks and benefits.

Regulation of Crypto Assets

Crypto-investors and users, as well as crypto-asset service providers, are exposed to high risks.

China's Hengfeng Bank aims to list in 5 years: Xinhua

Former chairman Jiang Xiyun was found guilty of corruption and sentenced to death in December, with a two-year reprieve.

Lime Asset fund fiasco intensifies amid snowballing petitions, imminent lawsuit

FSS to keep tight grip over asset manager throughout dispute settlement process

Singapore court considers law of arbitration agreement

The arbitral tribunal arrived at a split decision on the question of its jurisdiction, with the majority determining the issue in favour of the seller.

Progress in the handling of banking complaints by HKMA

Banking complaints include cases concerning general banking services and conduct-related issues.

China set to implement the new Foreign Investment Law

The FIL requires that within a five-year transitional period, existing FIEs shall reform their corporate governance structures

Australia’s prudential regulator lashes banks over risk failures

APRA’s onsite inspections are part of a strategy to strengthen and sharpen governance, culture, remuneration and accountability frameworks across the industry following widespread opinion that it needed to take a tougher line.

Bank of China Approved for Saudi Branch Launch

Capitalizing on Saudi Arabian opportunities aside, the branch launch marks another step towards for China towards further internationalization through its financial entities.

High property prices pose risk to banks

The credit watchdog, nevertheless, pointed out that credit implications of the surge in property prices for Philippine banks will depend partly on their underwriting standards.

Japan FSA Grants Client Clearing Licence to HKEX

Apart from Japan, OTC Clear is also recognised by authorities in the US, European Union, and Australia to offer clearing services to their financial institutions.

Singapore Fund Managers See Opportunity in ESG Investing: IMAS

Top concerns: For 2020, nearly eight in ten (79%) respondents flagged the further deterioration of US-China relations as a top concern, followed by very weak global growth (66%) and weakening growth in China (53%).

SFC Provides Licensing Guidance for PE Firms, Family Offices

The SFC’s Licensing Handbook published in February 2019 states that a PE firm may be required to be licensed for one or more types of regulated activities depending on the types of business it conducts in Hong Kong.

ASIC bans former Charter, NAB adviser

He has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.

Legal, Regulation & Compliance