Managers of Wealth Asia Pacific

S. Korea Defers Initial Margin Requirements by One Year

“The decision is on a par with international standards and is based on a review of financial institutions’ preparedness and opinions from the industry,” the FSC said.

DBS Prices Singapore’s First SORA-based Floating Rate Notes

The net proceeds will be used for general business purposes.

Malaysia's central bank cuts key interest rate to 2%, lowest since 2009

The central bank's monetary policy committee said the decision complements other monetary and financial measures implemented so far this year

MAS Supports Inaugural Cloud-Based G20 TechSprint

FinTechs and other players are invited through a hackathon-style competition to develop innovative solutions to address these problem statements.

Enhanced schemes for Singapore's financial services industry

This S$125 million support package is funded by the Financial Sector Development Fund.

Industry fund swaps insurers

From July 1, the maximum benefit payable for death cover will be $5 million, $3 million for total and permanent disability as well as for terminal illness.

Japan to ease investment rules to push bank-fintech marriage

Proposal also to make sharing of customer data easier

Mishcon de Reya opens office in Singapore as it shifts international focus to Asia

As a licensed Foreign Law Practice in Singapore, the office will not be undertaking Singapore law related work save in those areas permitted by its licence, such as international commercial arbitration.

Eurex seeks Hong Kong clearing licence

It was granted a Singapore clearing license in September 2019, and a Japanese license in March 2020, denominated as a “foreign financial instruments clearing organisation”, in which the local entities are able to clear directly with the CCP.

Roy Cho, alleged mastermind of Hong Kong’s biggest fraud case, denies fresh charge of deceiving staff at Convoy as trial gets under way

The same charges were levied against his associates, Christie Chan Lai-yee, 46, a former chief financial officer at Convoy, and Byron Tan Ye-kai, 51, a former executive director at the company.

Natixis brings thematic funds to Singapore

The Monetary Authority of Singapore has given the Paris-based asset manager approval to sell four Ucits products to retail investors.

Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies

This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.

Singapore companies must now register their controllers with regulator

The move comes as Singapore steps up efforts to maintain its status in the vanguard of international regulation, particularly for financial services.

Westpac Internal Probes Identify More AML Breaches, FATCA Lapses

The latest disclosures indicate that the problems at Westpac run deeper than AUSTRAC had initially suspected

Financial Scams Rise as Coronavirus Hits Developing Countries

There is the risk that these scams could undermine confidence in digital technologies that are proving so very important in keeping people informed and connected during the pandemic.

Glass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus

With the global economy inexorably heading towards a new normal, it is now more important than ever for FIs to better align their strategic plans with what the future might bring.

Malaysia's banking system can handle Covid-19 challenges, says BNM deputy governor

It has excess capital of RM121 billion versus RM39 billion in 2008 and is capable of withstanding potential credit and market losses.

Frydenberg defends ex-Macquarie boss Moore's role in Virgin rescue

The Morrison government appointed Mr Moore as its special adviser on Virgin two days after the airline’s collapse into administration.

Vestas wins new order for two wind projects in complex terrain in Vietnam

The two projects are owned by local project companies, Huong Tan Wind Power Joint Stock Company and Tan Linh Wind Power Joint Stock Company.

Baker McKenzie Acts on USD 1 Billion Joint Venture to Invest in South Korean Logistics Real Estate

The transaction is expected to be completed before July 2020, subject to relevant regulatory approvals.

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