Managers of Wealth Asia Pacific

Korean savings banks post record net profit in 2017

The surge was largely attributed to the spike in interest income as banks moved fast in raising interest rates amid expectations of increases in the key rate.

BOJ deputy governor nominee warns against premature exit from easy policy

Central bank governor Haruhiko Kuroda on Friday rattled markets by flagging for the first time the prospect of an exit from accommodative policy if his inflation target was met, sending the yen higher and bond prices lower.

Pakistan drafts governance rules for Islamic firms, securities

The move by the Securities and Exchange Commission of Pakistan marks the first time a regulator

China hedge funds suffer in debt crackdown

Bear market in bonds adds to woes as banks withdraw funds

Bank of Baroda cries foul as cash frozen in South Africa

The case is related to a state-owned farm in the Free State leased to Gupta-linked company Estina (Pty) Ltd. in 2012.

UBA, China Development Bank sign $100m deal to develop SMEs in Africa

According to Kennedy Uzoka, the Pan African Bank’s managing director and CEO, the deal is also expected to catalyse Africa’s commercial and industrial development.

Hong Kong can be the next RegTech hub

Based on average wages, RegTech could reduce labor costs by as much as 50 percent

ASIC bans Queensland financial adviser from financial services industry for 7 years

While working for these companies, Mr Connor also traded under the name Glenn Connor Financial Planning.

Thai Crypto Still In The Wait For Regulatory Framework

Basically, Bangkok bank now happens to be the first bank or institution of finance to stop transactions in Thailand involving cryptocurrencies.

ASIC requires boutique research provider to improve conflicts of interest disclosure

FEC has cooperated with ASIC and has made changes to its disclosures on conflicts in its research publications and on its website.

ASIC's latest enforcement report highlights outcomes from the second half of 2017

This edition of the report also provides a summary of ASIC's work tackling loan fraud.

AIA eyes China hinterland as Beijing relaxes rules

CEO says a headstart in major cities gives it competitive edge

Xi set to tighten grip on China by scrapping presidential term limit

Central committee recommendation shocks leadership’s political rivals

China Loosens Wealth Management Reins

China’s deputy finance minister Zhu Guangyao promised in 2017 that his country would similarly calibrate limits on insurers and eliminate curbs

IOOF licensee launches MDA solution

The solution is designed specifically to assist advisers in efficiently delivering flexible, quality portfolio construction and implementation to clients.

Mourant Ozannes at the forefront of aviation and ship financing in Asia

Mourant Ozannes provided BVI law advice in connection the loan and lease financing of four second-hand long range product tankers.

Big banks in spotlight for opening round of royal commission hearings

The Australian Securities and Investments Commission (ASIC) said in its statement of claim filed in the federal court that CBA tried to rig the bank bill swap rate on six occasions, up from three occasions in its initial statement last month.

Fund managers in Malaysia, Singapore, Thailand to have wider access to retail investors

The revised framework, which incorporates feedback from extensive industry consultations, seeks to promote more cross-border offerings of ASEAN funds and allow fund managers to offer a broader range of fund products to investors in the region, according

Mirae Asset forms JV with Vietnam’s SWF subsidiary

This is the first time that a Korean asset management has formed a legal entity in Vietnam instead of opening a branch to acquire stake in local companies.

Chinese Conglomerates in Distress

This mostly happens with cryptocurrencies or with Alipay, the Chinese equivalent of Paypal.

Legal, Regulation & Compliance