Managers of Wealth Asia Pacific

Gaining Momentum: Asia Region Funds Passporting

Paul Toepfer, Managing Director, Product Management APAC

Now, claim money stuck in pension schemes

The regulator asked companies to trace policyholders or beneficiaries and return the money.

Hong Kong, Singapore join global reg initiative

As part of the consultation, the group is seeking views on the mission statement for the GFIN, its proposed functions, and where it should prioritise activity.

HK court rejects British ex-banker's last bid to appeal murder conviction

A three-judge panel at the Court of Final Appeal did not grant Jutting leav

Nuix founder Castagna cops seven years jail sentence for offshore tax fraud

Ministers savage fraud detection software founder.

Reflections from the Hong Kong SPOT conference 2018

One of the salient issues that most blockchain and crypto based companies face is not knowing how the jurisdiction they are domiciled in will regulate digital assets and not knowing how they will be governed.

HKMA collaborates on consultation to explore the opportunities of a Global Financial Innovation Network

It will also create a framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.

Australia proposes more changes to financial advice industry

The “use of the term ‘advice’ should be limited to effort that is undertaken on a client’s behalf by a professional adviser,” the 686-page document said.

China's softer approach to debt doesn't mean easy ride for banks

The Financial Stability and Development Committee, headed by Vice-Premier Liu He, emphasised last week that that it will continue to crack down on wrongdoing and illegal financial institutions.

Knee-jerk tightening of rules may hurt market: MAS

The Singapore Exchange had also said it would amend listing rules to reflect the recommendations.

Charities in Hong Kong forced to reveal finances – but critics say new measures don’t go far enough

Voluntary set of ‘good practice’ guidelines also issued in response to criticism from watchdog over lax rules in sector

Bank of China extends use of AxiomSL’s regulatory platform

The decision enables the bank to avoid the increased infrastructure costs often associated with the introduction of a new regulatory requirement.

FBR starts action against people hiding assets in UK

In a terse statement, the FBR chairperson Ruksana Yasmeen on Monday said the FBR has started action against those who owned immovable properties in the UK.

Indonesia is returning 1MDB-linked luxury yacht to Malaysia

The super yacht is said to be in waters off Batam, near Singapore

Standard Chartered Bank sees virtual bank licence as ticket to new business worldwide

The bank’s Hong Kong CEO says the new operation would be run separately, but that traditional banking and branches still have a role to play

Australia's pension funds feel heat of powerful inquiry

Account-holders and industry groups said in their submissions that fees were not properly disclosed or were charged for services that were not rendered, such as financial advice, the inquiry heard.

Vietnam court jails 46 bankers over loan scam led by construction bank chairman

It is the latest in a series of major banking trials aimed at cleaning up a sector plagued by bad debts, corruption and nepotism

Deloitte latest Big Four firm to announce SG legal ambitions

PwC launched a foreign law practice in Singapore in 2016 after hiring partners Natalie Breen and Keith McGuire from Norton Rose Fulbright and Ashurst, respectively.

Super funds face royal commission scrutiny

The royal commission will focus on how regulated super funds fulfil their duties to members, including their structural and governance arrangements, selling practices and the relationship between super fund trustees and financial advisers.

Shariah investments continue growth spurt in SE Asia

Last year, Malaysia’s SC launched a five-year blueprint to grow the Shariah fund and wealth management sector, Cerulli said.

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