Singapore’s regulators have their sights set on ESG education in 2023, two regulation experts from Synpulse Management Consulting told Asian Private Banker. Associate partners at Synpulse, Gregory Achache and Anu Meha, set out the regulatory trends to watch in Singapore in 2023, including ESG education, virtual assets, AML and financial crime, and talent development. ESG education Achache explained how Singapore’s […]

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In this round-up: HKMA asks banks to implement vaccine passports; S’pore raises taxes for the wealthy; PBs often rely on error-prone manual fee disclosure checks; Privacy concerns hamper record-keeping HKMA asks banks to implement vaccine passports Private banks have expressed concern about a potential disruption to their business operations since the Hong Kong government on 24 February announced additional anti-COVID […]

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A key challenge for the private wealth management industry over the past few years has been to stay on top of regulatory changes. Significant resources are deployed with a view to complying with the latest regulations and optimising operational processes. After looking at regulatory trends that private banks should beware of in Hong Kong, Asian Private Banker summarised the following […]

The post Four trends to watch in Singapore private WM regulations in 2022 appeared first on Asian Private Banker.

Banks in Hong Kong are feeling the pressure mount as the Securities and Futures Commission’s (SFC) April implementation deadline for the new suitability requirements edges closer, according to an industry professional. In a bid to strengthen investor protection, the Hong Kong watchdog revised its due diligence regulations last year. According to the new rules, suitability checks are required for every […]

The post Banks struggle to implement SFC’s new due diligence requirements appeared first on Asian Private Banker.