Managers of Wealth Asia Pacific

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.

1MDB Mastermind Pleads Case

Jho Lows's holdings – which include fine art, a $35 million Bombardier private jet, and a $250 million luxury yacht – were confiscated.

MLC Life Insurance under review

Nippon said deteriorating conditions in the Australian life insurance industry are to blame for the challenges facing MLC.

Fiona Chan named in China Business Law Journal's Prestigious A-List

Fiona has almost 20 years of offshore and onshore experience in the Asian market.

Taiwan Easing Rules to Encourage More Domestic Investment

The FSC will announce which banks qualify in March.

Philippine lawmaker files virtual banking bill

The opportunity for regulation is clearly now, when the industry is yet to go in full swing

Switzerland sends notices to Indians for trusts arrange in tax havens

The Cayman Islands-based trusts named in such notices come with The P Devi Kids’s Agree with, The P Devi Agree with, The Dinod Agree with and The Agarwal Circle of relatives Agree with.

Neuberger Berman readies another onshore fund

Onshore fund launches continue, with NB receiving approval for its fifth local fund for sale via the private fund management channel.

Black money probe: Tax haven trusts come under scanner for Swiss bank accounts

Several individuals who are suspected to have moved abroad after evading taxes back in India are being probed and their banking details are in the process of being shared by the Swiss authorities with their Indian counterparts

PBOC pledges financial support for small firms

China's central bank will improve the incentive mechanism for lending to such companies, it says

China To Promote The Growth Of Cross-platform Financial Blockchain Services

The SAFE-built platform is not the first time the Chinese Government made an effort to create a blockchain-based financial trade service platform.

Carey Olsen to move to larger offices in Hong Kong as the firm's Asia offering continues to grow

The new offices will accommodate the 12-strong team as well as the firm's plans for further expansion in 2020.

Legal, Regulation & Compliance