Managers of Wealth Asia Pacific

US Senate ratifies protocols to tax treaties with Japan, Switzerland, Luxembourg

Like US-Spain protocol, all three tax treaty protocols easily cleared the two-thirds vote threshold for ratification.

Ex-J.P. Morgan Banker Pleads Not Guilty for Sons And Daughters Hires

Prosecutor Proposed To Merge Cases

Paul Hastings Continues to Lead the Way in Chinese City Commercial Bank Listings in Hong Kong

The Paul Hastings team was led by Raymond Li

Philippine pension fund SSS to pay job loss benefits to members

The exceptions are for underground mine workers and racehorse jockeys, where the age limits are 50 and 55 years, respectively.

Australia's regulator to ban cold calls from insurance companies

ASIC Commissioner Sean Hughes said the corporate regulator was determined to step in when consumer trust in "the system" was under threat.

The rise of alternatives

Many have started to ask AIFMs to add further value through select services, expand their skills set and get involved in the sales process.

Australian watchdog revokes licence of Golden Financial Group

Golden Financial failed to lodge its annual financial reports and did not have membership of an external dispute resolution system.

Nomura to Pay Misled Bond Customers $25 Million to Settle SEC Charges

The SEC’s orders further find that Nomura lacked compliance and surveillance procedures that were reasonably designed to prevent and detect this misconduct, which inflated the firm’s profits on CMBS and RMBS transactions at its customers.

CapBridge and UOB sign agreement to provide companies across Asia

Through its investment syndication platform, CapBridge will match UOB’s clients with anchor investors and accredited co-investors, catalysing private capital as a source of funding and helping these companies to broaden their investor base further.

Combating financial crime - KPMG

3 focus areas for banks to achieve more effective and efficient customer due diligence

AMP's controversial life insurance deal could now be worth even less

More to the point, regulatory clearances were pre-conditions for the settlement of the deal with Resolution.

SEBI investigates State Bank of India over breach of corporate compliance

This is due to the fact that multiple directors are both government and banking-regulator nominated.

Indonesia central bank seen starting to cut rates before Fed moves: Reuters poll

In the poll, 23 of 33 analysts predicted BI will make a 25 basis point trim in the benchmark 7-day reverse repo rate to 5.75% - which would be the first cut since September 2017 - on Thursday.

Merrill Lynch fined W175 mil. for high-frequency trading

The securities firm used algorithm-based trading through direct market access.

OnePath receives first Life Code sanction

The insurer failed to do so and did not finalise the remedial action until 10 May 2019 - one year and 10 months after the initial self-report.

Reform implementation timeframe too short: AustralianSuper

Drawing on the recent experience of implementing the Protecting Your Super legislation, Land said the industry struggled to deal with the flood of inquiries received from members affected by the removal of insurance from inactive accounts.

APRA forced to overhaul culture, capabilities

Samuel was appointed by the Federal Government in February to lead the panel, which comprises AGL Energy non-executive director Diane Smith-Gander and former Reserve Bank of New Zeala.nd acting governor Grant Spencer.

Ogier acts on US$ 76 million Chinese Transmission Products Deal

The Ogier team is led by partner and BVI corporate head Michael Killourhy with support from associates David Mathews and Tiffany Ager.

‘Fix the pension poverty’: Seniors group says cut to deeming rates not enough

“There are many, many, people living on the pension that live below the poverty line and we shouldn’t forget them too, they have no money in these accounts.”

Impact investing under threat

AMP Capital head of ESG investment research Ian Woods believes impact-washing poses a serious threat to the impact investing movement and the wider ethical investing industry.

Legal, Regulation & Compliance