All posts tagged "Wealth Management"
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283Australia & NZASIC Imposes Lifetime Ban on Macquarie Equities Adviser
The adviser misrepresented the value of his client’s portfolio on 19 separate occasions, and engaged in trading without proper authority of the client.
February 17, 2020 -
476Hong KongHKMA Urges Family Offices to Set Up in Hong Kong
The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.
January 17, 2020 -
613ChinaCBIRC Issues Guidance on Banking, Insurance Sector Development
The guidance sets 5-year targets for banks and insurers to improve in areas such as governance, risk management, financial product development and fintech innovation.
January 9, 2020 -
442Hong KongSFC Provides Licensing Guidance for PE Firms, Family Offices
The SFC has issued two circulars clarifying how licensing obligations apply to the activities of PE firms and family offices in Hong Kong.
January 8, 2020 -
1.7KAML / KYCAPAC Wealth Migration Trends Heighten Financial Crime Risk
APAC regulators are looking to FIs and their technology to guard against increasingly sophisticated criminal activity as wealth migration accelerates, says Joseph Quiazon at Exiger.
December 28, 2019 -
686FeatureHKMA Publishes Report on AI Adoption by Hong Kong Banks
The lack of employees with AI expertise was cited by 70% of respondents as the top barrier to AI adoption, according to a survey.
December 24, 2019 -
389ChinaAmundi-BOC Wealth Management JV Wins CBIRC Approval
The joint venture is expected to launch during the second half of 2020. Amundi will own a 55% stake while BOC Wealth Management will own the other 45%.
December 23, 2019 -
394Market InfrastructureTaiwan to Boost Competitiveness as Financial Centre
Taiwan will relax its rules on financial products, expanding its OBU business, and boost the resilience and innovativeness of Taiwanese financial institutions.
December 18, 2019 -
321Capital Regulation
CBIRC Finalises Net Capital Rules for Banks’ Wealth Management Units
The regulator has fixed the minimum net capital for commercial lenders' wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.
December 6, 2019 -
414EnforcementUBS to Pay HK$600m in Fines and Compensation for Overcharging Clients
The SFC reprimanded and fined UBS for overcharging clients over a ten-year period, affecting 5,000 Hong Kong-managed client accounts in over 28,000 transactions.
November 12, 2019
