Managers of Wealth Asia Pacific

APRA and the RBA release joint statement on the use of the RBA’s overnight standing facility

APRA and the RBA consider the use of the overnight standing facility by banks to be consistent with routine liquidity management activities.

What small businesses need to know about sustainability reporting requirements

These new rules require large businesses and financial institutions to disclose information each year

Hong Kong Academy of Finance admits participants for the Financial Leaders Programme 2025

The FLP offers a unique opportunity for participants to engage in dialogue with top leaders in financial services and other sectors.

Japan's Core Consumer Prices Surge Above Central Bank Target

Despite government subsidies, inflation pressures prompt speculation on interest rate hikes.

HDFC Bank now accepting deposits under India’s savings scheme for seniors

HDFC will act as an agency bank and help source scheme deposits.

Charges discontinued against former director of G8 Education Limited

The CDPP conducted a further review of the matter and determined that the charges against Ms Hutson should be discontinued.

APRA makes minor changes to reporting standards

APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.

ASIC puts car finance under the microscope including outcomes for regional and First Nations consumers

The review will cover the practices of seven lenders and pinpoint opportunities for improvement across the sector.

Scam Alert: Beware scammers impersonating ASIC requesting payments to release funds or assets

ASIC does not collect payments to enable the release of funds or assets.

Ogier's Rachel Huang recognised in China Business Law Journal's A–List 2024-25: Growth Drivers

Rachel has extensive experience in various corporate and capital markets matters

Former financial adviser Peter Surtenich permanently banned

Additionally, ASIC determined that Mr Surtenich lacked the necessary judgement and competence to be a financial adviser.

MAS Monitoring Chocolate Finance to Ensure Orderly Withdrawals

The regulator said that Chocolate Finance and Allfunds comply with regulations requiring customer assets to be segregated and held by licensed, independent custodians

ASIC bans former director of Suetonius Wealth Management

Additionally, ASIC determined that Mr Surtenich lacked the necessary judgement and competence to be a financial adviser.

ASIC bans former financial adviser Harris John Kohu Shortland for a period of seven years

The banning took effect from 4 March 2025.

APRA proposes changes to strengthen and streamline governance and fit and proper requirements

The proposals will ensure that APRA’s governance standards reflect contemporary best practice and establish clear benchmarks for regulated entities.

Waystone expands APAC operation with launch of Compliance Solutions in Hong Kong

Asset managers in Hong Kong are facing growing challenges in navigating the complex regulatory environment.

Oral reply to Parliamentary Question on the rising use of Buy Now, Pay Later schemes among young consumers

The credit assessment includes conducting income checks and credit checks against the BNPL credit bureau, which includes information on BNPL users’ outstanding balances, missed payments and delinquencies amongst accredited firms.

APRA confirms consultation on changes to capital requirements for annuity products

The proposal will be released in the second quarter of 2025, inviting feedback from industry and broader stakeholder groups.

Allianz and AWP convicted and fined $16.8 million for making false or misleading statements

The Allianz website advertised the maximum travel insurance benefits payable to consumers but sometimes failed to state that sub-limits, terms, conditions or exclusions would limit those benefits.

Conyers Celebrates 40 Years in Asia

Over the years, the Hong Kong office has grown from a team of three to its current full complement of 136.

Legal, Regulation & Compliance