Managers of Wealth Asia Pacific

PH banks bullish on outlook despite greater competition, BSP survey says

Banks also intend to backstop their respective CAR with strong leverage ratios that will promote institutional stability.

OECD joins with Japan to fight financial crime by establishing new academy

The Memorandum of Understanding was signed by the Commissioner of Japan’s National Tax Agency Takeshi Fujii and OECD Secretary-General Angel Gurría.

Cayman delegation visits Hong Kong

China is an important market place for Cayman companies and Hong Kong can act as a spring board for firms looking to do business there.

IOSCO Publishes Recommendations on Sustainable Finance

The report explores the trends and challenges that influence the development of sustainable finance in emerging capital markets.

Here We Go Again by Gary Dugan

Mario Draghi said that the Council' would use all instruments at its disposal' including a rate cut if necessary.

Former Futuro adviser charged with theft

The property in question was jointly owned by the beneficiaries of the estate, which were charitable organisations.

J.P. Morgan wins custody mandate

It is now expanding the relationship to appoint J.P. Morgan to provide custodian and fund administration services to its $2 billion of Australian assets in its unlisted trusts.

FMS.next has been enhanced to support PSD2 and Open Banking requirements

The solution comes with a preloaded set of APIs to cover requirements of directives, implementing all necessary security mechanisms for authentication and consent management.

Emaar signs MoU with China’s BNA

The mixed-use project will be located within the Aero-Economic Area of China’s latest airport

BSP eyes more bilateral pacts with Asian peers

This, after the Philippines reaped the benefits from recent regional bilateral agreements among member-countries of the Association of Southeast Asian Nations.

Can Singaporeans be the Jedi of the tech world?

City must overcome its small size, high costs and talent shortages to stand a chance

Aegon AM set to launch WFOE

Netherlands-based Aegon Asset Management has signed an MOU with the Shanghai Lujiazui Administration Bureau to establish a wholly foreign-owned enterprise.

UBS agrees Japanese joint venture wealth deal

It will offer products, investment advice and services beyond what both firms alone can provide

China To Help Smaller Banks Retain Liquidity

The banks and lenders that participated in the meeting also said volatility in the interbank market is calming down.

Maybank Islamic wants to link up Gulf Cooperation Council with Asean

Last year, MIB announced that it might receive regulatory approvals to set up its Dubai branch in the first half of this year.

Another firm cautions on onshore bonds

China’s onshore corporate bonds are expected to have more defaults, according to BNPP AM, but offshore China high yield is a different story.

China enacts new measures for third-party access scheme

Under the Trial Measures, pipeline and facility operators were to grant third parties access to their pipeline networks and associated facilities if there was surplus capacity.

Australia targets cryptocurrencies in international tax crackdown

ATO deputy commissioner Will Day has reportedly revealed that at least one of the investigations involves a global financial institution and its intermediaries, which is believed to have helped clients conceal assets and income data.

MAS Proposes Increased Scope for Accountability, Conduct Guidelines

The present consultation is an extension of an April 2018 draft proposal that set out five outcomes and specific guidance to promote individual accountability of senior managers

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue for OECD

Legal, Regulation & Compliance