Managers of Wealth Asia Pacific

MLC Life loses super fund mandate

OnePath will provide default superannuation cover (death, total and permanent disability and income protection) and voluntary cover.

Adapting to the World of Regulation: How Asia’s HNWIs Can Overcome the Hurdles Ahead

CRS and substance driving change in the family office space

Mourant Hong Kong a leading offshore firm in Asia

The firm maintained its high ranking in the Asia-Pacific edition of Chambers and Partners, reflecting its ongoing strategic expansion in Asia.

Malaysian Re, Pacific Life Re sign takaful deal

This will help expand Malaysian Re’s access to international data and harness underwriting technology provided by Pacific Life Re’s fully-owned subsidiary, UnderwriteMe, it said.

MAS pulls CT Bright Investment's licence to conduct fund management business

MAS will take stern action against financial institutions that do not abide by MAS’ directions, and will revoke the licences of financial institutions that are not serious about carrying on regulated activities.”

Outcomes of review into internal market making for quoted managed funds

ASIC has identified measures firms can implement to manage these risks, set out below.

Banks' Research Held Hostage By Hong Kong's Unrest?

Another executive at a separate European bank said its analysts had been told not to write about the protests in research distributed to clients such as institutional investors, as it aims to boost the bank's business in mainland China.

How regtech will help in enhancing emerging Asia's financial markets

Different regulatory regimes and cultural practices across region can benefit from tapping proven, high-quality monitoring and tracking systems.

APRA Issues Final Operational Risk Requirements for ADIs

APRA says the new qualitative operational risk requirements will not have implications for when and how ADIs implement and comply with the new APS 115.

Westpac directors slammed

It comes amid the fallout from Westpac's alleged 23 million anti-money laundering breaches (some related to financing child exploitation), causing chaos inside the bank and Australia's financial sector.

UBS Reveals Client Overcharging Claims in Asia

Despite the regulatory worries, Asia continues to be a primary growth driver for the bank, as evidenced by the latest figures.

Bank Central Asia Takes Over Local Unit of Dutch Rabobank

Bank Central Asia, which has a market capitalization of Rp 787 trillion, last month also acquired Bank Royal Indonesia, a small-sized local lender, for Rp 1 trillion with plans to develop it into an online-based lender.

Malaysia to implement beneficial ownership register

"After six months, the registrar will invoke our powers to enquire all the information to be submitted to the registrar," she said.

Audit inspection findings: 12 months to 30 June 2019

ASIC will adopt a more intensive supervisory and regulatory approach in this regard.’

APRA releases MySuper heat map

The prudential regulator has finally published its long-awaited heat map for MySuper products, with deputy chair Helen Rowell saying it's likely many in the industry will feel uncomfortable.

IOOF, ANZ transaction gets green light

The regulator said the decision recognises IOOF's progress in strengthening governance structures and management of conflicts within its existing RSE licensees, in response to additional license conditions imposed by APRA in December 2018.

Visa partners with Global Processing Services to grow FinTech startups scaling in Asia Pacific

GPS is best known for providing the ‘tech behind the tech’ for many of the UK and Singapore’s most notable challenger brands, including Revolut, Railsbank, and Starling.

AMP to cut contribution fees

The first round will see the fees removed from: Flexible Lifetime - Super, Flexible Lifetime - Investment, CustomSuper, Super Directions, Tailored Super and Simple Super.

TMF Group acquisition paves the way for new opportunities along the China-German economic corridor

We look forward to playing our part in building that proposition, working with our new colleagues and continuing to support German, European and other international businesses with their investments in China, and vice versa.

Strong showing for Ogier in Chambers Asia Pacific 2020

Ogier has retained its position overall in the region

Legal, Regulation & Compliance