Managers of Wealth Asia Pacific

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.

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.

Legal, Regulation & Compliance