Managers of Wealth Asia Pacific

Former Beacon adviser banned

The banning order was made under the Corporations Act 2001 sections 920A(1) and 920B(2).

Ogier recognised for work on Takeda's £46 billion acquisition of Shire

The deal became the highest value scheme to pass before the Royal Court in Jersey

Malaysian police raid Deloitte office for 1MDB-related documents: sources

A representative for Deloitte could not be immediately reached for comment.

Two Ogier partners make Asian Legal Business top ten offshore lawyers list

Individual recognition is always very welcome, but it reflects another year of hard work by our growing team

Singapore sets up industry group to improve banking conduct standards

It comprises members from 12 other banks in Singapore, who have responsibilities in business, risk management and compliance.

China proposes updated rules for online trading operators

They are open for public comment until 29 May 2019.

HKMA takes first step towards regulating the use of big data analytics and artificial intelligence in FinTech

The EAF is expressly stated to be non-binding guidance, intended as a first step towards a privacy regime better equipped to address modern challenges.

ASIC bans adviser over super theft

ASIC found McSweeny fraudulently misappropriated company money, used the company structure for his own dishonest means, showed a complete disregard of his director duties and failed to observe requirements to lodge documents with Australian Tax Office.

Top banking officials in China’s Tianjin warned against corruption

Discipline violation is a common euphemism for corruption.

Wolters Kluwer Survey Shows Singapore Bankers Still in Preparation Stage for Upcoming Regulations

The scope of new proposals in the Monetary Authority of Singapore’s overhaul of the MAS 610 reporting regime for banks has been far reaching with banks now preparing to meet the new obligations.

Tech-heavy funds vulnerable to Huawei escalation

Mutual funds with substantial exposure to the technology sectors have been casualties of the US clampdown on Huawei.

News from around the APAC region, May 22, 2019

This will also be Next Story's third hotel in Melbourne, complementing the 120-key Sage Hotel Melbourne in Ringwood and Next Hotel Melbourne which is slated to open in 80 Collins Street by Q2 2020.

Disclosure of internal investigations – the Hong Kong SFC’s FAQs fail to relieve industry concerns

This includes whether the individual was subject to an internal investigation in the six months prior to their departure.

Westpac Singapore's Mortgage Exit Leaves Borrowers Hanging

If the amount was not paid, the bank would take the client to a court or take possession of the related property.

Could New SFC Rules Push More Taiwan Clients to Singapore?

Whilst many sophisticated Hong Kong and mainland China clients are unlikely to shift preferred locations merely due to tightened access to the product universe, Taiwan clients have already shown willingness to book in either or both booking centers.

International Investment joins the World Islamic Banking Conference as media partner

The sophisticated capital market and financial infrastructure in the region enables constructively channelling the capital to invest in the Asia's growth potential.

Singapore Dollar Is Slipping as Trade War Chips at Monetary Band

IMF urges monetary authority to follow ‘data dependent’ path

ISDA consultations on benchmark fallbacks

The first consultation sets out options for adjustments that will apply to the relevant risk-free rates

SFC Rules: Five Things to Watch Out for Wealth Managers

A once popular channel, especially for Greater China’s sophisticated investors, the clampdown will test banks appetite

Ex-JPMorgan banker faces Hong Kong bribery charges over ‘princeling’ hires

Leung, currently at MizMaa Ventures, an Israeli-U.S. tech-focused venture capital firm she co-founded, did not immediately respond to a Reuters email sent via MizMaa requesting comment.

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