Managers of Wealth Asia Pacific

Gov't Pledges to Support Companies Affected by New Offshore Regulations

The institute also pointed out the bill is still waiting to be discussed and approved by the Legislative Assembly

Asean — looking to boom

Looking at GDP growth of the Asean-5 — Indonesia, Malaysia and Philippines have been experiencing fairly high and stable growth.

RCBC partners with KB Kookmin Bank

According to the agreement, both banks will establish “mutual cooperation for maintaining and increasing corporate customer base,” among others.

SFC bans a former employee of Bank of China for life

The transfers were made purportedly to settle trades conducted in the securities accounts in the name of Lok’s niece and nephew-in-law when in fact the trades were Lok’s own trades.

Monetary Authority of Singapore Posts Finalists for 2018 Fintech Awards

MAS says that past finalists at the Global FinTech Hackcelerator and the FinTech Awards have benefitted from the exposure and connections made as a result of their participation.

The importance of international co-operation

Speech by Megan Butler, Executive Director of Supervision - Investment, Wholesale and Specialists at the FCA, delivered at The Pan Asian Regulatory Summit 2018, Hong Kong.

Asia is “increasingly relevant” to Guernsey

Business is particularly strong in litigation, corporate and finance work, he said, while funds business is “bubbling up steadily”.

Standard Chartered said to prepare for $1.5bn fine over Iran

Allegations of allowing customers to violate Iran sanctions said to date from at least five years ago

Singapore eases rules for robo-advisors

This is on the condition that they put in place measures to mitigate the risks of providing unsuitable investment recommendations due to limited client information.

ANZ cuts its profit forecast on $374m in compensation costs

ANZ said the bulk relates to customer compensation for "issues arising from product reviews" and "customers receiving inappropriate advice or for services not provided".

China’s central bank to cut RRR for a fourth time

The move, an attempt to lessen the impact of US tariffs, should not result in pressure being placed on the yuan, the People’s Bank of China said

FCA and SFC sign MoU on United Kingdom-Hong Kong Mutual Recognition of Funds

The MoU also establishes a framework for exchange of information, regular dialogue as well as regulatory cooperation in relation to the cross-border offering of eligible Hong Kong public funds and United Kingdom retail funds.

Fourth former NAB banker banned over alleged home loan fraud ring

This conduct was the subject of the first case study before the Financial Services Royal Commission.

New Zealand introduces financial services code of conduct

Breaches can incur fines of up to NZ$100,000

Singapore takes another shot at growing Islamic finance industry

New Shariah-compliant index launched to provide benchmark for Shariah-compliant funds looking to invest in Singapore

NSW government continues to back wealthy foreigner visa program

In order to be eligible, investors need to be nominated by state governments and must show a "genuine and realistic commitment" to residing in that state.

Maybank gets nod for CFS business in Singapore

MSL will operate as a subsidiary of the Maybank Group with Asian Currency Unit capabilities in Singapore.

China slashes banks' reserve requirements to spur growth

Reserve requirement ratios (RRRs) - currently 15.5 percent for large institutions and 13.5 percent for smaller banks - would be cut by 100 basis points effective Oct. 15

Maybank gets regulatory nod to locally incorporate retail business and SME banking in Singapore

The effective date for the transfer is set at Nov 5, 2018.

Societe Generale to issue NT$1.6 billion green bond in Taiwan

The proceeds of the issuance will be used to fund renewable energy projects in Taiwan, including the successful project financing of the Formosa 1 Offshore Wind project, Taiwan's first commercial-scale offshore wind farm

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