Managers of Wealth Asia Pacific

IOOF breaches APRA licence conditions

According to an independent reviewer - engaged by IOOF - reporting on the firm's progress, the firm has so far failed to set up an Office of the Superannuation Trustee.

Most financial sector jobs will be impacted by technology so employees must reskill: IBF and MAS

It also highlighted the skills that each role will need to cope with the changes brought about by technology.

The Siam Commercial Bank and Julius Baer launch strategic wealth management joint venture

Julius Baer’s international expertise and SCB’s on-the-ground experience form the foundation of these training and development programmes.

Asian central banks wait for a cue to act

So far, they have let their peers in the West to do the heavy lifting on policy changes

China UnionPay expands business partnership along Belt and Road

This is an important step in localizing overseas business, the Shanghai-based company said.

Bank of Japan expected to keep policy steady, may downgrade forecasts – Forex News Preview

As the global economic slowdown continues to drag on Japanese exporters, policymakers are in a bind as after years of easy monetary policy, inflation is far below the BoJ’s 2% target and growth remains sluggish.

The AIIB approves the membership of three African countries

These countries are Egypt, South Africa, Ethiopia, Kenya and Sudan.

China, Japan Sign Agreement to Facilitate ETF Cross-Listings

The ETF Connectivity Agreement was signed at a China-Japan capital market forum in Shanghai on Monday (22 April).

Switzerland set to sign Belt and Road MOU

The move will likely take place during the state visit to China by President Ueli Maurer,

Japan and China Sign Agreement on ETF Cross-Investment Program

Nomura’s asset management unit will partner with China Asset Management to participate in the project, Nomura Holdings Inc. said separately.

Australia establishes agreement with Taiwan on tax and finance transparency

Taiwan implemented 'Common Reporting Standards' in 2019, now recognized by Japan and Australia

Former NAB adviser charged

It is alleged that between March 2016 and December 2016 Eung netted $166,500 from accounts held with MLC and Nulis Nominees despite the account holders not authorising the withdrawals

China to Amend Securities Law This Year

Earlier this month, reports indicated that revisions to the Securities Law were expected to be adopted by year-end, amid a push to launch the new tech board in Shanghai this year.

Dubai Islamic Economy Development Centre signs agreement with Hong Kong Trade Development Council

Memorandum of understanding (MoU) with the Hong Kong Trade Development Council (HKTDC) to exchange knowledge, and best practices in Islamic economy

Australian regulator slaps adviser with five-year ban

The banning of Mr Chigwidden is part of ASIC’s ongoing efforts to improve standards across the financial services industry.

ASIC bans Perth accountant from providing financial services for six years

Mr Bowker may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Citigroup to refund over $3 million to clients

Citigroup’s practices included its advisers asking customers about their personal circumstances, such as their tolerance for risk, and providing financial education about benefits and risks to customers who had no previous experience of investing in

Freedom to divest all operations

It will not disclose the service provider's name before entering into the underlying agreement.

UAE and Korea renew 2013 swap agreement

A cross currency swap allows two countries to exchange payments in one currency for an equivalent amount in the other to facilitate trade transactions and offer liquidity support to financial markets.

Korea’s 1st-generation internet banks face murky future amid regulatory hurdles, incoming competition

Further challenges are expected down the road, as up to two new internet-only banks will begin operations from this year, increasing competition.

Legal, Regulation & Compliance