Managers of Wealth Asia Pacific

Guernsey continues to develop China’s captive market

Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”

Amid Hong Kong protesters’ attacks, 500 ATMs out of service for the weekend

Monetary Authority cites vandalism and safety concerns as reasons for about 15 per cent of city’s cash machines being closed

LHC Capital stands by suspended iSignthis

iSignthis shares have been suspended from trading since October 2 while the regulators resolve their enquiries

Bahrain wants to bridge Singapore startups to US$1.5t Gulf market

In an interview with Singapore Business Review, Almoayed talks about the incentives of expanding into the Middle East and North Africa through Bahrain’s startup ecosystem

Andersen Global Expands in India with Membership of Nangia Andersen LLP

Andersen Global debuted in India over a year ago when Nangia Advisors LLP (now Nangia Andersen LLP) signed a collaborating agreement with the international association.

Asia Managing Partner of offshore firm Harneys has misconduct conviction

He is also the head of its litigation, insolvency and restructuring practice.

Post Crisis Reform Implementation Has Progressed in 2019: FSB

Hong Kong, India and Indonesia have each now put in place final rules on the large exposures framework, while Japan has done so for the leverage ratio.

Australia: Proposal on challenges of digitalization includes new approach to profit allocation

The proposal also envisions a new nexus (permanent establishment) rule that is dependent not on physical presence in the user/market jurisdiction but on sales – a commonality among the various tax solutions discussed in 2019.

Hong Kong’s Wealthy Residents Hold Cash As Protests Continue

Key findings of the report showed half of the family offices in Hong Kong anticipate a market downturn come 2020.

Hedge Fund’s Liquidity Crisis Spurs Contagion Fears in Korea

The worry now is that Lime’s crisis will spook investors in other hedge funds, triggering a flood of outflows that ripples through Korean markets.

Islamic finance and markets in Japan

Therefore, basically, Islamic finance products are governed by existing legislation applicable to conventional finance products in Japan, while some amendments thereon have been made to accommodate the unique qualities and characteristics of Islamic finan

Australian watchdog not to appeal court ruling in IOOF case

In an unprecedented move, APRA had sought to use the Federal Court action to disqualify five IOOF executives for failing to act in their customers’ interests.

Malaysia ‘open’ to settling with Goldman and dropping 1MDB charges

Thomas leads Malaysia’s negotiating team.

No one reads the PDS: ASIC

Statements of advice also came under fire in the report, with ASIC and AFM finding that SOAs cannot provide consumers with skills, knowledge and experience required to accurately judge the quality of the advice they are getting.

AIIP Welcomes Inquiry

Parties involved in this illegal behaviour not only include directors but also involve pre-insolvency and turnaround advisors; solicitors; insolvency practitioners and various financiers; including our major banks.

Refocusing the AML Model on Evidence and Outcomes

It is thus an appropriate time to consider their impact.

First State brings new funds to Hong Kong

After its retail fund push in Singapore, the firm has registered two products for retail sale in Hong Kong.

Under-pressure Australian banks face fresh inquiry

Australia’s conservative government has touted itself as a reliable custodian of the economy, but is under pressure amid slowing growth and high living costs.

SIX signs memorandum with Shenzen Stock Exchange

SIX CEO Jos Dijsselhof said: ‘I am excited that the Shenzhen Stock Exchange and SIX will work together to further internationalise our respective securities markets."

African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets

GPIF is Japan's largest public fund investor and the largest pool of retirement savings in the world.

Legal, Regulation & Compliance