Managers of Wealth Asia Pacific

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.

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.

Legal, Regulation & Compliance