Managers of Wealth Asia Pacific

Two China Banks Fined Over Wealth Management Violations

China Everbright Bank was filed 8.3 million yuan (US$1.25 million), while Bank of China was fined 6.6 million yuan

Over a Dozen Banks Settle for Singapore Rate Case

A complaint was first filed in 2016 in a Manhattan federal court which accused the defendant banks of rigging the Singapore Interbank Offered Rate (SIBOR) – widely used to price banking products – and Singapore Swap Offered Rate.

Linklaters awarded Diversity & Inclusion in Asia Intersectionality Award by Community Business

Linklaters strives to create an inclusive culture in which everyone, regardless of background, identity and circumstance, can reach their full potential and thrive.

SC and Labuan FSA INK MOU to strengthen regulatory co-operation and collaboration

The MOU will also enhance provision of technical assistance, capacity building and exchange of information between the two regulators.

Vontobel Embroiled in Bitter Legal Conflict with Two Asian Companies

The NZZ said both sides are becoming increasingly aggressive.

Changes to MAS Board of Directors

Mr Lim, Special Advisor, Ministry of Trade and Industry, has been re-appointed to the MAS Board

Information Papers on Environmental Risk Management

The information papers on environmental risk management for banks, insurers and asset managers provide an overview of the progress made in implementing the MAS Guidelines on Environmental Risk Management.

APRA releases general insurance statistics for March 2022

The Quarterly General Insurance Performance Statistics publication provides industry aggregate summaries of financial performance, financial position, capital adequacy and key ratios.

ASIC acts against SMSF auditors who failed to lodge annual statements

ASIC has recently informed all SMSF auditors with outstanding annual statements that if they remain non-compliant, their registration may be cancelled.

OCBC Must Hold More Capital After Scam Response

The scams were unusually sophisticated as SMS messages were sent to victims from a spoofed phone number matching the bank’s usual communications channels.

HSBC Mulls Listing of Indonesia Unit

In 2022, the Jakarta Composite Index has been the best-performing major benchmark in Asia with a nearly 5 percent rise year-to-date.

Switzerland and Singapore conduct financial dialogue and agree on joint statement of intent to promote data connectivity

The agreement on the statement of intent was reached within the framework of the regular financial dialogue between Switzerland and Singapore

SC And Labuan FSA Ink MOU To Strengthen Regulatory Co-Operation And Collaboration

This collaborative arrangement is an important initiative to grow our capital markets and achieve greater cooperation and synergy between the SC and Labuan FSA.

"A Future Ready Workforce for an International Financial Centre" MAS

The financial sector performed strongly throughout the Covid-19 pandemic.

Two Hong Kong Partners recognised in the ALB Asia’s Offshore Client Choice List 2022

The ALB Offshore Client Choice List recognises outstanding lawyers from offshore law firms

China targets party elites’ overseas assets

Senior officials and members of their immediate families would also be barred from setting up accounts with overseas financial institutions unless they have legitimate reasons for doing so—such as study or work—the people said.

Nomura to Acquire Stake in Forestry Asset Manager

Under the agreement, Mitsui & Co., Ltd. (Mitsui), which currently owns 22.98% of New Forests shares, will increase its shareholding to 49%.

China Probes Central Banking Head of Monetary Policy

Sun was most recently the head of monetary policy at the People’s Bank of China, where he has been working since 1996.

Life as an International Chinese is Changing

One of the most evident changes in recent times has been increased control of international education within mainland China.

CBA takes next step in reimagining banking for customers

Commonwealth Bank (CBA) is continuing its focus on building new and innovative customer experiences.

Legal, Regulation & Compliance