Managers of Wealth Asia Pacific

APRA could get powers to fire bankers without court process

The regime will give APRA stronger powers to remove directors and executives from the institutions it regulates.

Ten Taiwanese foreign managers apply for offshore fund incentive scheme

The incentive scheme is reviewed on an annual basis and fund managers can only qualify for a 12-month inclusion period to the scheme on applying.

BSP allows trust entities more leeway in fund management

The revised policy is consistent with the thrust of the BSP to adopt a differentiated regulatory approach based on the major business activities and investment mandate of trust entities particularly trust, advisory, advisory with execution, and execution

BSP allows trust entities more leeway in fund management

ENSafrica recognised as a leading international firm for India-related work

The announcement was made in an intelligence report titled “Global Stars”, which was published in a recently released edition of the India Business Law Journal.

Introducing Singapore’s new draft Cybersecurity Bill

The intention behind the draft Cybersecurity Bill is to have a coordinated national approach to cybersecurity, and ensure that CIIs across all sectors are protected consistently.

Legal Pros Prepare For Tech Disruption

Technology is revolutionising the practice of law through machine learning and automation.

Bank of Thailand and Monetary Authority of Singapore sign FinTech Cooperation Agreement

Since 2016, MAS has signed FinTech cooperation agreements with the IFC and ASBA and regulators from UK, Australia, Switzerland, South Korea, France, Japan and Denmark.

CRS remains the hot topic for Chinese private client sector

“Guernsey has always been at the forefront of adopting and implementing international legislation, and CRS is no exception,” said Miss Clouston.

Bloggers are Japan regulator's new weapon in fund fight

But that is less likely to happen so long as investors receive poor service and low returns from fund managers. Read more: http://www.dailymail.co.uk/wires/reuters/article-4687296/Bloggers-Japan-regulators-new-weapon-fund-fight.html#ixzz4mawygr4D Follow

Banks drafting submissions for Productivity Commission on competition

The commission is expecting to receive submissions from not only industry groups but institutions themselves, including smaller players.

Hong Kong and France strike deal on mutual recognition of funds

Hong Kong's Securities and Futures Commission and France's Autorité des Marchés Financiers have signed a memorandum of understanding linking their mutual fund markets.

Ex-BSI Banker Gets 54 Months Prison Sentence

Yeo Jiawei's Ex-BSI Boss Describes 1MDB Kickbacks, Lavish Lifestyle, Cover-Up

Firms suing Chinese fugitive Guo Wengui rush to claim his luxury New York apartment before sale

Despite its US$78 million price tag, the penthouse’s cost represents only one twentieth of the claims piling up against the tycoon in New York state courts

Proposed bill for cybersecurity to take precedence over bank, privacy rules

It will take precedence over bank, privacy rules on data sharing if cyber attack occurs

PH youth sue to stop 1MDB paying IPIC RM1.2 billion

The group claimed that the consent award agreed between IPIC and Aabar Investment PJS in London was wrong and fraudulent.

Ogier advises on "ground-breaking" MegaTrust fund launch

This is a ground-breaking product and yet Ogier efforts assisted to ensure a smooth launch of this fund.

Advisers quit big banks, AMP as watchdog intensifies scrutiny

ClearView Wealth manufactures its own life insurance products, but its advisers are able to recommend any competitor’s products.

Singapore to postpone bank capital rules; follows Hong Kong, Australia delays

The FRTB rules, which require banks to hold more capital against their trading books.

Nippon Life defers vote disclosure urged by financial watchdog

The insurer said Tuesday it will bypass the disclosure for the time being.

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