Managers of Wealth Asia Pacific

Anti-scam measures cut scam losses for CommBank customers in half

An increased focus on protecting customers from scams is working but CommBank says there is more to do across big tech, telcos and banks.

Appleby’s Hong Kong office supports Primega on Nasdaq listing

Primega operates in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.

Appleby’s Hong Kong office advises China Everbright Greentech on RMB1 million medium-term note issuance

China Everbright Greentech is a professional environmental protection service provider in China, with its businesses focusing on integrated biomass utilisation, hazardous and solid waste treatment, environmental remediation, solar energy and wind power.

MAS Takes Enforcement Actions Against China Capital Impetus Asset Management, its Executive Director and Former CEO for Breaches of the Securities and Futures (Licensing and Conduct of Business) Regulations

In addition, MAS has declined CCIAM’s application to upgrade to a licensed fund management company (LFMC).

Regulators Appoint Liquidators For Chinese-Controlled Insurer

The decision was made in a coordinated regulatory effort between the IA and the Bermuda Monetary Authority (BMA).

SFC Warns Public of Proxinex for Suspected Virtual Asset-Related Fraud

While the website is now inaccessible, the public should beware of websites with similar domain names which may be continuously created.

China’s Plenum, priorities and politics

The market-friendly tone of the plenum held ten years ago has given way to messages around deepening domestic capacities for “Chinese-style modernisation” in a more challenging geopolitical environment.

Chief Executive of the HKMA responds to his re-appointment

Despite these headwinds, our financial system, including the Linked Exchange Rate System and the banking system, has remained sound and stable.

New financial reporting and audit obligations for superannuation funds commence

Trustees will be subject to increased scrutiny on the quality of their financial reports in relation to superannuation funds.

Australians can be confident in the integrity of our equity markets: ASIC report

Our regulatory interventions to address the deteriorations included targeting pump and dump activity

APRA finalises targeted changes to strengthen banks’ liquidity and capital requirements

APRA received 35 submissions from entities, individuals and industry bodies during the formal three-month consultation period.

Australia Q2 2024 regulatory update

Key superannuation rates and thresholds were also updated in the quarter and are to take effect from July 1, 2024.

MUFG heads to take pay cut after information firewall breach

The same salary punishment will also hit MUFG Bank Chairman Naoki Hori and Mitsubishi UFJ Morgan Stanley Securities Chairman Saburo Araki for two months.

MAS Statement on Global Outage Affecting IT Systems

MAS asked major financial institutions to report the impact of the outage.

APRA issues $10.7 million infringement notices and accepts court enforceable undertaking from OPC

APRA has been closely monitoring OPC which has continued to identify further members who may have been adversely impacted by failures to direct default member contributions to a MySuper product.

Hong Kong’s ZA Bank welcomes planned stablecoin regulatory regime

The bank surpassed $1b in transfer turnover from Web3 clients in 2023.

HKMA announces stablecoin issuer sandbox participants

The sandbox, which was launched in March 2024, is part of the HKMA’s efforts in facilitating the sustainable and responsible development of stablecoin ecosystem in Hong Kong.

"Growth and Opportunities in the ILS Market: A Singapore Perspective" - Speech by Mr Lim Cheng Khai

The global ILS market experienced strong growth in the number of issuances in 2023, which continued into 2024.

SFC and HKMA welcome PBoC’s new measure on Northbound Swap Connect margin collateral arrangement

This measure will provide Northbound Swap Connect investors with the additional choice of non-cash collateral, reducing their liquidity cost and improving capital efficiency.

Ogier wins Best Offshore Law firm for third straight year at HFM Asia Services Awards 2024

This latest award win further solidifies Ogier's position as one of the leading offshore hedge fund legal advisers in the region

Legal, Regulation & Compliance