Managers of Wealth Asia Pacific

India Mulls Ceiling for Audit Firms Amid Crack Down on Lapses

Proposal to address concentration in audit services market

Welcome Remarks at the Hong Kong Academy of Finance Inauguration Ceremony cum Fellowship Conferment

The mission of the Academy is to serve as a centre of excellence for developing financial leadership as well as a repository of knowledge in monetary and financial research, including applied research.

S. Korea’s Financial Regulator to Lower Entry Barriers in Securities, Asset Management Sectors

These measures are intended to encourage the investment industry to play an active role in supporting innovative growth of the economy and supplying venture capital.

Singapore is ‘actively studying’ virtual banking licences, says country’s prime minister

PM says MAS is ‘actively studying’ whether to allow virtual banking licences in the country and there could be an announcement soon

Superannuation fund cuts fees

The move will see more low balance members save over $95 a year, and founder Adam Verwey believes it demonstrates the difference between Future Super and the wider super sector.

Chief economist update: Expect an RBNZ rate cut

According to the policy statement: "Domestic growth has slowed over the past year.

No takers for HK’s new fund structure

But the hope is that a July change in Cayman Islands regulations will steer hedge and private fund managers toward locally-domiciled funds.

Bank of Thailand eyes measures to curb hot money

The rate-setters expressed concern that the baht's rise might not be consistent with economic and fundamentals and would continue closely monitor developments of exchange rates and capital flows, he said.

Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

This is an increase of nearly $7.9 billion from the previous year

For Japan Inc, discretion is the better part of activist valour

The most visible example of that change is scandal-hit medical equipment maker Olympus Corp, which will become Japan’s first major firm to give a U.S. activist fund a seat on its board this month.

HKMA Rules on Bank Exposure Limits to Take Effect From 1 July

The HKMA’s set of rules to implement the 2014 BCBS large exposures standards and update other exposure limits have now completed the legislative process and will take effect on 1 July 2019.

Former Westpac adviser permanently banned

He also recommended BT insurance and super products to all his clients without investigating their existing products.

Magellan renews fund administrator

As a part of the agreement, Mainstream will provide fund administration services for $71 billion in funds under administration at Magellan which has over $80 billion in total.

NAB's salary bind as it searches for a new CEO

Close observers note the four months that have elapsed suggest the NAB board must have reached the conclusion that none of the internal candidates were so outstanding there was no need to consider foreign contenders.

Former UBS China banker given 9 years in prison for insider trade

The documents said that Sang shared information with two associates

Malaysian PM Calls Goldman Sachs’ $241M Compensation Offer For 1MDB Scandal ‘Peanuts’

The Finance Minister Lim Guan Eng had earlier this year that Malaysia is seeking $7.5 billion from the bank.

Notice Regarding Change of Line Securities Preparatory Corporation Trade Name

The company is preparing to launch new securities brokerage solutions that meet the potential need of LINE users for asset-building and other services.

Labuan IBFC partners with Tricor Group to Enhance Outreach in China

The arrangement, while non- exclusive, provides for a focused commitment by both parties to explore the expansive China market.

Super fund amends constitution

The board will grow from eight seats to nine to accommodate the change, signaling the end for two current directors.

Banks to get deposit insurance regime

The government said it is proposing a limit of between $30,000 and $50,000 for the deposit protection regime.

Legal, Regulation & Compliance