All posts tagged "Wealth Management"
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952Asia-PacificUOB to Acquire Citi Consumer Banking Units in Four Markets
The transaction is estimated to reduce UOB's CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and "well within regulatory requirements".
January 17, 2022 -
442ChinaCBIRC Grants Approval for HSBC to Fully Own China Insurance Unit
HSBC reached an agreement with its joint venture partner to a remaining 50% equity interest in HSBC Life China in May 2020.
January 6, 2022 -
603Capital RegulationCBIRC Finalises Liquidity Management Rules for WMPs
The rules emphasise the integration of liquidity risk management throughout the entire process of wealth management business operations.
December 30, 2021 -
376ChinaCSRC Launches Inspections at Financial Asset Exchanges
Some exchanges were found to be illegally facilitating financing for property developers through the issuance of non-standard debt financing products.
December 22, 2021 -
327FeatureSC Malaysia Finalises Enhancements to Unit Trust Framework
The enhancements will enable retail funds to invest in and offer investors access to a wider range of investment instruments and activities.
December 22, 2021 -
206TaiwanTaiwan FSC Directs Banks to Enhance Wealth Management Controls
The FSC found deficiencies in banks' implementation of internal controls to prevent misappropriation of client funds by wealth management specialists.
December 21, 2021 -
142ChinaUBS, China Life to Set Up Asset Management JV – Report
China Life and UBS have reportedly signed an MoU to set up the joint venture, though the formal launch will be subject to approval from the CBIRC.
December 21, 2021 -
193ChinaSAFE Revises Reporting Requirements for Banks’ Overseas Activity
Banks will have to report new items related to the London Stock Connect and Wealth Connect, as well as additional details on their overseas subsidiaries.
December 15, 2021 -
130ChinaCBIRC Issues Draft Rules on Fair Pricing of Banking Services
Banks should not engage in unfair competition through low pricing, and they must not charge fees without providing substantive services.
December 7, 2021 -
909ChinaWealth Connect to be Refined, Expanded Over Time: HKMA
Account opening by attestation is expected to be piloted for the WMC's Northbound scheme, allowing Hong Kong investors to participate without having to travel.
December 2, 2021
