Managers of Wealth Asia Pacific

Melbourne man charged with multiple counts of market manipulation

The matter is next in court on 3 September 2021 for Committal Mention.

Westpac to remediate customers for failure to pass on important corporate action information

‘We encourage affected customers to engage with the communications from Westpac to understand how they were impacted and to seek further information from Westpac if required,’

Former Quantum director Avrohom Kimelman pleads guilty to market manipulation and insider trading

On 3 December 2015, Mr Kimelman was appointed CEO of Quantum.

Industry response to consultation on promoting consumer access to affordable advice

The response to CP 332 was unprecedented, with ASIC receiving 466 submissions from financial advisers, licensees, industry associations and relevant stakeholders.

The HKMA hosts its flagship Regtech event – “Unlocking the Power of Regtech”

The winners of the HKMA’s Global Regtech Challenge were announced during the conference.

Remarks by Mr Ravi Menon, Managing Director, MAS at the MAS Annual Report 2020/2021 Virtual Media Conference on 30 June 2021

The MAS SGD Facility for ESG Loans has provided funding at 0.1% to financial institutions for lending to small and medium enterprises under the ESG loan schemes.

New PRC Data Security Law

China’s latest step in building its comprehensive data and cybersecurity regime.

US bank lobby group gives Japan's MUFG a seat at the table

Tokyo-based bank chairman first from Asian lender on board of Bank Policy Institute

Contractual Recognition Rules for stays on termination rights - Hong Kong SAR

One way to comply with the Stay Rules will be for the covered entity

Appleby's Hong Kong office acts as Bermuda counsel to Zhuhai Holdings Investment Group Limited

The Scheme provides that each Scheme Shareholder is entitled to receive the cancellation price

UK, Singapore Commit to Deepening Regulatory Cooperation

The two countries also announced an MoU to enhance bilateral cyber security cooperation

Allens advises on one of the largest private equity and capital markets transactions of 2021

The Westpac Auto Business is one of Australia's largest auto finance businesses, writing approximately $4 billion in loans annually.

ISSB Climate Reporting Standard Could be Ready by July 2022

The IOSCO timeline also envisages amendments to the IFRS Foundation’s constitution in time for establishment of the ISSB by November, as well as progress being made toward a multi-stakeholder consultative committee.

FSB Launches Review of Corporate Debt Workouts

The review will also seek to identify good practices and examples of how well OCW frameworks have worked in terms of preserving value for viable companies

SWIFT’s Enhanced Platform Endorsed by Six Global Banks

“By bringing together data and common services, we aim to significantly improve end-to-end efficiency and reduce total costs, while bringing new business value to end customers,”

MAS Partners IMF, World Bank and others to launch Global Challenge for Retail CBDC Solutions

Finalists will pitch their solutions to a global audience on Demo Day to be held at this year’s Singapore FinTech Festival

Full Federal Court upholds first ASIC product intervention order

This was the first order made by ASIC under these important new powers.

ASIC and APRA release notes on inaugural Superannuation CEO Roundtable

The Roundtable was hosted by ASIC Commissioner Danielle Press and APRA Deputy Chair Helen Rowell.

cdisqualifies SMSF auditor for breaching independence and auditing standards

SMSF auditors are fundamental to the SMSF sector and must meet minimum standards of behaviour to ensure they act and are seen to act with integrity and objectivity.

China setting pace in central bank digital currency -Japan ex-regulator Endo

The People's Bank of China is leading after launching trials

Legal, Regulation & Compliance