Managers of Wealth Asia Pacific

APRA releases quarterly authorised deposit-taking institution statistics for September 2022

The risk characteristics of ADIs’ new residential mortgage lending are improving.

ASIC cancels AFS licence of AFSL Group Pty Ltd

AFSL Group may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Federal Court upholds ASIC's appeal on John Gilliland

The Court found that the AAT had not considered general deterrence when making its decision.

Philippines central bank ready to adjust policy settings amid resilient economy

The Philippine economy grew by a stronger-than-expected 7.6 per cent in the third quarter, backed by consumer spending.

FCA exec endorses cash rewards for fintech innovation

The regulator also has representation in Wales and Northern Ireland.

Australian banking system cushioned for imminent climate change-related risks - regulator

The study predicted bank losses could be higher from lending to sectors that more exposed to risks associated with transition to a lower emission economy, such as mining, manufacturing and transport.

UK and Singapore deepen collaboration in FinTech and strengthen financial cooperation

HM Treasury and Monetary Authority of Singapore joint statement on the seventh meeting of the UK-Singapore Financial Dialogue.

KPMG, Quinlan & Associates Form Strategic Tie-Up

KPMG China has formed a strategic cooperation with Quinlan & Associates

Neuberger Berman Green-Lighted for China Fund Business

Neuberger Berman first applied to set up a China mutual fund unit in April 2020 before receiving approval to do so from the CSRC in September 2021.

Advisers must register for FSCP: ASIC

"We've been working on the panel and ensuring its efficient and effective operation as the single disciplinary body for financial advisers," Sciacca said.

Nearly a third of financial claims involve fraud and scams: Fidrec

The profile of claimants was skewed towards younger adults, with nearly 60 per cent aged 50 and below in FY2021.

Manulife IM Receives Approval for Takeover of China JV

This will make it the first foreign wealth and asset manager to convert its joint venture into a wholly-owned public fund management company in mainland China.

Indonesia regulator allows banks to invest 35% of their capital in fintech firms

With the new rule, they can invest capital directly in fintech firms, or acquire their shares on the stock exchange.

ANZ to pay $42m in insurance lawsuit

The class action followed claims consumers were sold credit insurance without consent when taking out credit cards and personal loans.

Central Banks of Indonesia, Malaysia, Philippines, Singapore and Thailand Seal Cooperation in Regional Payment Connectivity

The RPC is expected to be a significant contributor to accelerating regional economic recovery and promoting inclusive growth.

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