Fintech firms will be able to test certain services in Australia without holding a financial services or credit licence under a “unique” exemption offered by the Australian Securities and Investments Commission (Asic).
China’s insurance regulator is to introduce measures aimed at curbing the investment activities of life insurers following a string of high-profile suspensions over stock market speculation.
Wealth management firms in Asia are ramping up domestic recruitment due to rising demand by Asian clients for advice from managers with local knowledge, language skills and cultural understanding.
The Monetary Authority of Singapore (MAS) is looking to introduce an ethics module in exams taken by financial advisers and capital markets intermediaries, in the wake of the 1MDB scandal.
Sales of collective investment schemes in Hong Kong dropped by 15% from HK$65bn ($8.4bn, €7.9bn, £6.65bn) to HK$55bn during the period April 2015-March 2016, according to the SFC’s yearly survey.
RL360° has opened a new branch office in Kuala Lumpur, Malaysia, after it was granted a license by the Labuan Financial Services Authority (LFSA).
deVere Group is to open its first office in New Zealand in January 2017, a year after launching its second office in Australia.
Despite all the talk about the US equity Trump-boost in recent weeks, Japanese equities are actually a lot more popular with asset managers. Their consensus is that they will return more than 5% in 2017.
Disciplinary action taken by Hong Kong’s Securities and Futures Commission (SFC) kicked up a gear during 1H16, rising 66.7% from last year.
The exodus of private banks from the Asian region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
Old Mutual Wealth’s shock decision in February to buy AAM Advisory, the largest expat-focused IFA firm in Singapore, has in some ways felt like “having a tooth removed”, according to chief executive Matthew Dabbs.
The Hong Kong Monetary Authority (HKMA) and the UK’s Financial Conduct Authority (FCA) are to “foster collaboration between the two regulatory authorities in promoting financial innovation”.
