Managers of Wealth Asia Pacific

The Australian Parliament introduces Asia Region Funds Passport

It is envisaged that the Passport will appeal to Australian fund managers looking to offer their products in participating economies.

CBA ordered to boost capital until governance failings fixed

“Executives are gone, board members are gone. More will go,” Australian Treasurer Scott Morrison told reporters in Canberra when asked about the APRA report’s implications for the bank.

New rules for asset management welcomed

Revised regulations mark end to the old era of financial regulatory arbitrage caused by outdated, inconsistent rules

NZ banks under scrutiny after misconduct in Aus

The regulators have previously said they were watching the inquiry with interest and would look closely at its findings with the first report due out on September 30.

VOFF demands accountability from regulators

The advocacy group said that Trio Capital creditors were similarly charged fees for no service, including by ANZ and National Australia Bank custodians, and KPMG and WHK auditors.

Japan’s regulators battle over more than just a banking merger

Both FSA and FTC believe they are acting in the best interests of the country

ASIC deregisters 117 SMSF auditors

About 287 of the SMSF auditors who were served final notices eventually filed.

China to raise cap on foreign ownership in securities firms

The rules will also equalise the caps on foreign ownership in listed as well as unlisted securities firms.

Australia banks watchdog adds $750 mln to CBA's capital requirements

Australia's CBA ordered to boost capital until governance failings fixed

CBA enters APRA EU

The findings have seen APRA accept an EU to establish a framework by which CBA will address the full set of recommendations in a timely manner.

Japan, UAE to expand cooperation

The UAE is Japan’s main trading partner in the Middle East, accounting for about a third of Tokyo’s trade in the region.

Indonesia's Financial Industry Can Withstand Much Weaker Rupiah: Regulators

Bank Indonesia Governor Agus Martowardojo repeated that the central bank would be prepared to raise the benchmark interest rate to halt a rupiah slump if it threatened the inflation target or financial stability.

Report: Swiss begins criminal probe on 1MDB's JV partner

"US investigators have previously alleged that US$1 billion of Malaysian public money meant for a joint venture between 1MDB and PetroSaudi was siphoned off to a Malaysian businessman.

Singapore’s MAS consults on raising bar for individual accountability

The proposed guidelines include a requirement that financial institutions, or “FIs” as it calls them, identify senior managers who are responsible for core management functions, and that they clearly specify these individuals’ accountabi

Nick Bolton back on ASIC radar

Nick Bolton was previously Keybridge's managing director.

India's US$35 bil government pension fund plans equities boost

India’s equity culture may also get a boost from a stewardship code to be rolled out for the country’s fund managers to push for corporate-governance best practices.

Guernsey Finance publishes global distribution strategy statement: connecting to the parts of the world managers want to reach

The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets

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