Managers of Wealth Asia Pacific

Global sukuk issuances up 5.5% in 2018

The steady issuance volume is due to sovereign sukuk issuances from Asia, GCC countries and Africa

Yuan's slump puts Asia's central banks on alert

The market turmoil may give Asian policy makers reason to pause just as the Federal Reserve's rate cut last week gave them space to pursue looser policy.

HSBC cutting 4,000 jobs as CEO makes shock exit

Global headcount to go down by 2%; bank says it remains committed to Singapore ops

MAS Targets Market Abuse with Proposed New Requirements

Given the reluctance of some foreign intermediaries to provide client information to competing firms in Singapore

ANZ scraps individual bonuses

The bank confirmed a limited number of senior staff "with an increased ability to impact on ANZ's performance" will retain a portion of 'at risk' pay based on their individual performance, while the executive committee will contin

JPMorgan confirms winning bid to take majority stake in China fund JV

A 2% percent stake in the JPMorgan China fund management JV, China International Fund Management (CIFM), changed hands on Friday in an auction at the Shanghai United Assets and Equity Exchange, a deal post on the exchange showed.

AMP MDA constraints frustrate advisers

The spokesperson explained that AMP Financial Planning is working through addressing the licence conditions.

Crown investment companies were used to launder drug funds, authorities believe

The Crown companies opened Commonwealth Bank accounts instead.

Govt relaxes norms for re-insurers to set up shops at IFSC

The notification of Finance (No. 2) Act, 2019, has paved the way for reduction of the Net Owned Funds (NOF) requirement for the opening of branches of foreign re-insurers in International Financial Services Center (IFSC) to Rs 1,000 crore from Rs 5,000 cr

New Zealand to consider blacklists credit card bans to curb Offshore online gambling

All other online gambling undertaken by New Zealanders thus occurs on offshore, unregulated (All other online gambling undertaken by New Zealanders thus occurs on offshore, unregulated (by New Zealand) sites.by New Zealand) sites.

ESM's name used by scam site: MAS

The MAS said the statements made on the site are either false or have been taken out of context and used in a misleading way.

Trustees warned about influencing employers through improper inducements

Superannuation trustees must understand that providing inducements to employers to influence them in their choice of a default super fund is generally illegal.

China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues

CDB is one of the Chinese central government’s three policy banks, which issue loans at the direction of Beijing.

Document leak puts NAB under the pump

The leak also sheds light on the relationship between NAB and EY

A boost to mediation, and Singapore as a premier dispute resolution destination

Traditionally, settlement agreements are legally treated as contracts and a party must first sue for breach of contract in order to obtain an enforceable judgment/award.

ASIC reveals advice remediation progress

Weighing in with the largest advice remediation bill

Appleby Sees Listing Deal Value Total Increase to a Record HK15.5 Billion in the First Half of 2019

Companies from the Cayman Islands and Bermuda currently make up more than 70% of all entities listed on the main board of the Hong Kong Stock Exchange, almost all of which also maintain British Virgin Islands entities as part of their group.

Is a single pensions regulator on the cards in India?

Plans were first mooted three years ago

Harneys launches Asia Trusts & Private Client Advisory Group

Harneys’ global trusts and private client practice has earned an international reputation for excellence due to its personal, commercially sensitive, and pragmatic approach.

Australia to ban grandfathered commissions by 2021 as it targets advice industry

Conflicted remuneration is where the payment of a benefit to a financial adviser may incentivise them to recommend to a consumer a financial product that may not be in their best interests.

Legal, Regulation & Compliance