The Asia Pacific Banking News Network http://www.apbankers.net/ Mon, 27 Feb 2017 15:45:37 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Another Private Bank Leaving Asia? News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34248/another-private-bank-leaving-asia Canada's largest bank with a sizable wealth management presence in North America, does decide to sell out Wealth and Asset Management More Bankers Hired But Assets Under Management Drops at Standard Chartered News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34259/more-bankers-hired-but-assets-under-management-drops-at-standard-chartered In Asia, Hong Kong remained the largest contributor to Standard Chartered both by income and profits. Wealth and Asset Management Behind The Scenes Moves For ANZ Wealth Division News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34257/behind-the-scenes-moves-for-anz-wealth-division Goldman Sachs is advising ANZ on the wealth auction and sale documents are expected to be with potential buyers in mid-to-late March. Wealth and Asset Management Wealth management tie-up announced News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34260/wealth-management-tie-up-announced Will refer its high-networth individual clients to Centrum Wealth Management, which will manage their investment portfolios Wealth and Asset Management Centrum to manage wealth of Lakshmi Vilas Bank's HNI clients News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34272/centrum-to-manage-wealth-of-lakshmi-vilas-bankamp039s-hni-clients Centrum will offer its existing portfolio of wealth management services to the bank's HNI clients Wealth and Asset Management AMP jumped the starting gun in ANZ Bank's wealth sale News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34265/amp-jumped-the-starting-gun-in-anz-bankamp039s-wealth-sale ANZ, which is navigating a string of high-profile divestments, is hoping to fetch about $4.5 billion from the wealth division sale. Wealth and Asset Management Why a family office trumps unstructured wealth management News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34281/why-a-family-office-trumps-unstructured-wealth-management 24% of the world's UHNW families are in the Asia-Pacific region. Wealth and Asset Management KEB Hana named best private bank in Korea News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34228/keb-hana-named-best-private-bank-in-korea The Korean Exchange Bank and Hana Bank merged in 2015 to become KEB Hana Bank. Wealth and Asset Management Keeping a hold of private matters News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34234/keeping-a-hold-of-private-matters There are different reasons why someone might need such a service. Wealth and Asset Management Looking from the outside in News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34165/looking-from-the-outside-in The DBS Bank wealth management mantra is that being fully digital yet embedded within the daily lives of its customers is the only way it will survive the next 10 years. Wealth and Asset Management Adrian Orr elected as new chair of PPI News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34270/adrian-orr-elected-as-new-chair-of-ppi He also serves as chair of the International Forum of Sovereign Wealth Funds. Executive Moves ANZ bank adds talent and culture exec as it continues digital transformation News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34279/anz-bank-adds-talent-and-culture-exec-as-it-continues-digital-transformation The bank has made its third executive appointment this month, adding Kathryn van der Merwe to its digital transformation management. Executive Moves Harvest Global Investments expands its sales and marketing teams as it continues global expansion News Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34285/harvest-global-investments-expands-its-sales-and-marketing-teams-as-it-continues-global-expansion The new hires are part of Harvest’s plans to attract new investors throughout Asia, Europe and US Executive Moves State Street Global Advisors Aligns Global Institutional Businesses News Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34230/state-street-global-advisors-aligns-global-institutional-businesses Cyrus Taraporevala to Lead all Global Institutional Client- and Consultant-Facing, Marketing and Product Functions Executive Moves Regnan CEO steps down News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34213/regnan-ceo-steps-down A Regnan statement said its highly experienced executive leadership team will ensure the momentum the company is enjoying in the Australian market and internationally. Executive Moves Douglas Farrell's Quintet Partners joins PE investment hunters News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34217/douglas-farrellamp039s-quintet-partners-joins-pe-investment-hunters Quintet has the backing of five family office investors and a group of high net worth individuals. Executive Moves May Knight joins Korn Ferry as Country Managing Director News Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34235/may-knight-joins-korn-ferry-as-country-managing-director She is a Fellow of the Hong Kong Institute of Directors. Executive Moves Canaccord Genuity Wealth Management Appoints New Business Development Director News Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34237/canaccord-genuity-wealth-management-appoints-new-business-development-director A highly experienced business developer, David has over 17 years' experience as a wealth management professional and joins Canaccord Genuity Wealth Management from Brooks Macdonald International. Executive Moves Credit Suisse Calibrates Indian Private Banking Business News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34244/credit-suisse-calibrates-indian-private-banking-business Prior to that he was global market manager for the Indian subcontinent, NRI and onshore India at Societe Generale Private Bank, in Singapore. Executive Moves LGT Bank names new CEO News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34171/lgt-bank-names-new-ceo He has been at LGT for over 40 years. Executive Moves Affin Bank, Affin Hwang revamp spurred by BNM rules News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34246/affin-bank-affin-hwang-revamp-spurred-by-bnm-rules The proposed exercise will see the transfer of Affin Hwang as well as the group’s money-broking and insurance entities. Legal, Regulation & Compliance Developed country asset managers highlight need for disclosure in Hong Kong News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34261/developed-country-asset-managers-highlight-need-for-disclosure-in-hong-kong The proposals also required intermediaries to provide a range of fees imposed to give potential investors a better idea of the cost of management fees. Legal, Regulation & Compliance Hiring ‘Princeling’ Complicates Business in China for Global Banks News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34262/hiring-amplsquoprincelingamprsquo-complicates-business-in-china-for-global-banks The practice is widespread beyond the banking sector, as chipmaker Qualcomm last year was also investigated for hiring princelings in China. Legal, Regulation & Compliance Foreign regulators check on health of Indian banks News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34274/foreign-regulators-check-on-health-of-indian-banks The exercise is part of the meeting hosted by RBI under the system of ‘regulatory college’. Legal, Regulation & Compliance The Butterfly Effect of Chinese Bitcoin Regulations News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34277/the-butterfly-effect-of-chinese-bitcoin-regulations The decision to cease margin lending, add fees to every trade and pausing withdrawals has led to Japan taking the lead in global bitcoin trading volume. Legal, Regulation & Compliance China regulators work together to tackle shadow banking in latest sign of integration News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34278/china-regulators-work-together-to-tackle-shadow-banking-in-latest-sign-of-integration Head of securities watchdog talks of close cooperation with counterparts, adding weight to ‘super-regulator’ speculation Legal, Regulation & Compliance HK banks must learn to live with cross-border information rules News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34284/hk-banks-must-learn-to-live-with-cross-border-information-rules Agreements covering the first automatic exchanges of information have been signed with Japan and the UK. Legal, Regulation & Compliance MAS Proposes Simplified Regulatory Regime for Venture Capital Fund Managers News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34224/mas-proposes-simplified-regulatory-regime-for-venture-capital-fund-managers The Monetary Authority of Singapore (MAS) has considered the unique characteristics of VC Managers which lowers their market and business conduct risks. Legal, Regulation & Compliance Lawyers warn super funds to expect class actions News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34227/lawyers-warn-super-funds-to-expect-class-actions This is despite the law recognising a tolerance for investment strategy losses from the development of complex intermediated structures. Legal, Regulation & Compliance Indonesia drafting rules to end bank secrecy News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34216/indonesia-drafting-rules-to-end-bank-secrecy The draft Banking Law revision has a high chance of being discussed this year. Legal, Regulation & Compliance Online Platforms a Bigger Worry Than Insurance Technology News Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34264/online-platforms-a-bigger-worry-than-insurance-technology If you have a large existing traditional business, it is really difficult to innovate, and I would say that is the situation in most of Asia. FinTech How to make Asian fintech sustainable News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34222/how-to-make-asian-fintech-sustainable A good indication for Asian fintech players is the willingness of Asian governments to support fintech ecosystems. FinTech In fintech, China shows the way News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34229/in-fintech-china-shows-the-way Advanced technology, backward banks and soaring wealth make China a leader in fintech FinTech Finquest Acquires Detecq to Strengthen Presence in Asia's Tech M&A sector News Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34197/finquest-acquires-detecq-to-strengthen-presence-in-asiaamp039s-tech-mampampa-sector According to Finquest CEO and co-founder Tanguy Lesselin, the two companies complement one another with a shared vision of the future of M&A and growth capital in Asia. FinTech Apple Bags Another Bank News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34180/apple-bags-another-bank Apple is accusing three of Australia's big four banks of pushing the costs of Apple Pay on to their customers FinTech Firing Line: David Simpson News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34187/firing-line-david-simpson GBST has come a long way since its launch in 1983 under the guise of Star Systems. FinTech Myanmar's burgeoning financial sector attracts foreign suppliers News Aggregation Team Wednesday, February 22, 2017 12:00 am http://www.apbankers.net/article/34151/myanmaramp039s-burgeoning-financial-sector-attracts-foreign-suppliers Growth in banking leads surge for ATMs, software and accounting systems FinTech Bankers beware: North Korea is on a hacking spree News Aggregation Team Wednesday, February 22, 2017 12:00 am http://www.apbankers.net/article/34193/bankers-beware-north-korea-is-on-a-hacking-spree An unnamed Ukrainian bank was also targeted through the same method, with unnamed hackers stealing some $10 million. FinTech True Balance raises $15 mn from SoftBank Ventures Korea, others News Aggregation Team Monday, February 20, 2017 12:00 am http://www.apbankers.net/article/34116/true-balance-raises-15-mn-from-softbank-ventures-korea-others The additional funding will help spur business growth even further FinTech Capgemini India CEO says 65% of IT employees not re-trainable News Aggregation Team Sunday, February 19, 2017 12:00 am http://www.apbankers.net/article/34090/capgemini-india-ceo-says-65-of-it-employees-not-re-trainable Majority of the workforce cannot imbibe the required emerging skill-sets in the IT industry FinTech Stockbrokerage firm launches new online platform, margin trading News Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34269/stockbrokerage-firm-launches-new-online-platform-margin-trading Margin trading is suitable for investors with greater risk appetite and more experience in trading. Alternative Investments Chinese businessmen remain upbeat in PH, explores investment opportunities News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34276/chinese-businessmen-remain-upbeat-in-ph-explores-investment-opportunities China is a vital business partner for the country with significant contributions to the country’s economic growth. Alternative Investments Who manages your money which you invest in mutual funds? News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34289/who-manages-your-money-which-you-invest-in-mutual-funds They only help in growing your fund wisely. Alternative Investments The mavericks disrupting funds management titans News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34226/the-mavericks-disrupting-funds-management-titans The pressures on the funds management industry are not. Alternative Investments Dubai's KBW targets Australian property with first Islamic fund News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34198/dubaiamp039s-kbw-targets-australian-property-with-first-islamic-fund Crestmount Fund 1 raises $73m in latest venture from Dubai-based KBW Investments Alternative Investments Reliance AIF Asset Management raising first credit fund News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34206/reliance-aif-asset-management-raising-first-credit-fund Reliance AIF aims to raise Rs 1,000 crore around $150 million for its credit fund called Reliance Yield Opportunity AIF Scheme 1. Alternative Investments Platinum's AUM and profit take a hit News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34238/platinumamp039s-aum-and-profit-take-a-hit Platinum's retail funds, the Platinum Trust Funds and Platinum Global Fund, posted the largest drop in AUM of $1.3 billion. Alternative Investments When I'm 64 - Standard Life Investments News Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34164/when-iamp039m-64-standard-life-investments Naturally the scale of the challenge varies from country to country with the UK, Korea, New Zealand, China, Thailand, Ukraine and the Netherlands all facing large increases in expenditure. Alternative Investments IRESS posts solid result News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34174/iress-posts-solid-result Walsh said the result positively reflected past investment. Alternative Investments Here are the places where millionaires are moving News Aggregation Team Wednesday, February 22, 2017 12:00 am http://www.apbankers.net/article/34162/here-are-the-places-where-millionaires-are-moving Millionaires are leaving France because of high taxes on the wealthy as well as rising religious tensions Alternative Investments Malaysia leads in Islamic banking assets in region, says World Bank report News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34225/malaysia-leads-in-islamic-banking-assets-in-region-says-world-bank-report The report said Islamic banking has gained momentum as a credible competitor to conventional banking. Islamic Finance Hong Kong extends sukuk curve News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34202/hong-kong-extends-sukuk-curve Orders on the offering totalled US$1.7bn from 88 accounts Islamic Finance Islamic Banking M&A plausible, says AllianceDBS Research News Aggregation Team Tuesday, February 21, 2017 12:00 am http://www.apbankers.net/article/34150/islamic-banking-mampampa-plausible-says-alliancedbs-research The research house added domestic Islamic financing growth was expected to continue outpacing conventional loans growth. Islamic Finance Islamic microfinance to deepen financial inclusion News Aggregation Team Sunday, February 12, 2017 12:00 am http://www.apbankers.net/article/33937/islamic-microfinance-to-deepen-financial-inclusion Shariah-based banking is gradually rising in popularity in Bangladesh, the study found. Islamic Finance ACR completes Malaysia and takaful subsidiary acquisitions News Aggregation Team Friday, February 03, 2017 12:00 am http://www.apbankers.net/article/33757/acr-completes-malaysia-and-takaful-subsidiary-acquisitions The acquisitions mean the Kuala Lumpur- and Bahrain-based entities will now operate as wholly owned subsidiaries of ACR. Islamic Finance Growing Interest In Islamic Fintech, Shariah Compliant Trading Systems And Funding Are The Way Forward News Aggregation Team Friday, February 03, 2017 12:00 am http://www.apbankers.net/article/33751/growing-interest-in-islamic-fintech-shariah-compliant-trading-systems-and-funding-are-the-way-forward The term fintech has become the catchphrase of the new digital financial ecosystem worldwide. Islamic Finance Global sukuk set for more issuance in 2017 News Aggregation Team Wednesday, January 25, 2017 12:00 am http://www.apbankers.net/article/33573/global-sukuk-set-for-more-issuance-in-2017 Malaysia too was caught up in a broad Emerging Market sell-down in the wake of the US president-elect Donald Trump’s win. Islamic Finance Meezan Bank wins 'Best Islamic Bank' award News Aggregation Team Tuesday, January 24, 2017 12:00 am http://www.apbankers.net/article/33554/meezan-bank-wins-amp039best-islamic-bankamp039-award The Bank has also been awarded 'Pakistan Deal of the Year' award Islamic Finance Malaysia Seeks to be Global Islamic Wealth Management Centre News Aggregation Team Monday, January 23, 2017 12:00 am http://www.apbankers.net/article/33519/malaysia-seeks-to-be-global-islamic-wealth-management-centre The blueprint will be implemented over a period of five years and is drawn up with the aim of developing and growing Malaysia’s Islamic capital market. Islamic Finance Islamic banking a gloomy industry News Aggregation Team Monday, January 16, 2017 12:00 am http://www.apbankers.net/article/33433/islamic-banking-a-gloomy-industry The industry displayed a poor performance. Islamic Finance India's Federal Bank to open at DIFC News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34267/indiaamp039s-federal-bank-to-open-at-difc Lender handles almost $70b of remittances to India Investment Banking A Small Part of Standard Chartered Is Giving the Bank Big Problems News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34291/a-small-part-of-standard-chartered-is-giving-the-bank-big-problems The soured deals were a major reason why annual profit fell short of analysts’ estimates. Investment Banking China Bank plans P15-B rights issue News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34221/china-bank-plans-p15-b-rights-issue The bank said it will offer common shares from the unissued portion of its authorized capital stock to eligible shareholders, subject to approval of the regulatory agencies Investment Banking HNI clients of Dena Bank to benefit from launch of radio frequency ID cards News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34233/hni-clients-of-dena-bank-to-benefit-from-launch-of-radio-frequency-id-cards Dena Bank has launched radio frequency identification cards to provide hassle free services to its high net worth customers. Investment Banking Japan, China firms eager to enter Phl News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34200/japan-china-firms-eager-to-enter-phl The Bank of Tokyo – Mitsubishi UFJ Ltd. (BTMU) infused P37 billion in fresh equity last April Investment Banking Banking Underdog Beats Its Peers in Japan With Switch to Investing News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34203/banking-underdog-beats-its-peers-in-japan-with-switch-to-investing This means maintaining services and offering above-average interest on deposits. Investment Banking BofA­ML says Indian markets are expensive News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34204/bofaampshyml-says-indian-markets-are-expensive BofAML expects muted returns also because the market is not fully appreciating the impact of demonetisation. Investment Banking Australian bidder woos MPs as protests continue News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34210/australian-bidder-woos-mps-as-protests-continue Macquarie insists it is committed to renewable energy – but critics say it could invest in fossil fuels if its bid succeeds Investment Banking JPMorgan says panda bond sales to grow as China opens market News Aggregation Team Wednesday, February 22, 2017 12:00 am http://www.apbankers.net/article/34144/jpmorgan-says-panda-bond-sales-to-grow-as-china-opens-market China would like to see more diversity in the bond market Investment Banking HSBC's 2016 profit slumps 62 percent on writedowns, Hong Kong shares slide News Aggregation Team Wednesday, February 22, 2017 12:00 am http://www.apbankers.net/article/34149/hsbcamp039s-2016-profit-slumps-62-percent-on-writedowns-hong-kong-shares-slide The 2016 profit reflected a $3.2 billion impairment of goodwill in its global private banking business in Europe and the impact of its sale of operations in Brazil Investment Banking Strategy Update from BNP Paribas Investment Partners News Team Tuesday, February 14, 2017 12:00 am http://www.apbankers.net/article/33983/strategy-update-from-bnp-paribas-investment-partners US political uncertainty remains high as it is unclear how a possible tax changes will evolve InvestmentView Will the Year of the Rooster turn out to be Year of the Bear instead? News Team Thursday, January 26, 2017 12:00 am http://www.apbankers.net/article/33600/will-the-year-of-the-rooster-turn-out-to-be-year-of-the-bear-instead Don't get dazzled by big GDP numbers InvestmentView Corporate Japan mulls next moves as Brexit plan emerges News Aggregation Team Wednesday, January 18, 2017 12:00 am http://www.apbankers.net/article/33478/corporate-japan-mulls-next-moves-as-brexit-plan-emerges Separation could require reshuffling European ops InvestmentView 2016: A Year of Loose Ends and Wits’ Ends by Annie Catchpole, Scorpio Partnership News Team Thursday, January 12, 2017 12:00 am http://www.apbankers.net/article/33366/2016-a-year-of-loose-ends-and-witsamprsquo-ends-by-annie-catchpole-scorpio-partnership If you are a fan of the European Union, the Clintons or George Michael we know you probably haven’t had the best 12 months. InvestmentView Asian Asset Managers in For a Bumpy Ride News Aggregation Team Monday, January 09, 2017 12:00 am http://www.apbankers.net/article/33303/asian-asset-managers-in-for-a-bumpy-ride Cerulli thinks retail investors will fall back to their default positions, namely bank deposits. InvestmentView Indonesia's new regulations could boost fintech development News Aggregation Team Friday, January 06, 2017 12:00 am http://www.apbankers.net/article/33260/indonesiaamp039s-new-regulations-could-boost-fintech-development Indonesia's latest moves are likely a response to major fintech efforts by other players in the APAC region. InvestmentView Barclays - Compass Report - Q1 2017 News Team Tuesday, January 03, 2017 12:00 am http://www.apbankers.net/article/33213/barclays-compass-report-q1-2017 Published by the Barclays’ Wealth and Investment Management division, the quarterly research focuses on providing investment advice and recommendations to investors around the world, including the MENA region. InvestmentView Vietnam defies Asia slowdown News Aggregation Team Monday, January 02, 2017 12:00 am http://www.apbankers.net/article/33167/vietnam-defies-asia-slowdown Viet Nam ranks among the world’s fastest-growing economies as its exports remained resilient to a global trade slowdown that’s hurting Singapore and China, Bloomberg Business news reported. InvestmentView Influx of deposits will raise bank lending, lower cost of capital, says Arun Jaitley News Aggregation Team Monday, January 02, 2017 12:00 am http://www.apbankers.net/article/33172/influx-of-deposits-will-raise-bank-lending-lower-cost-of-capital-says-arun-jaitley Jaitley said a combination of implementation of the goods and services tax and a digitized economy will be the future of India InvestmentView Bank chiefs eye growth areas to bank on amid volatility News Aggregation Team Monday, January 02, 2017 12:00 am http://www.apbankers.net/article/33173/bank-chiefs-eye-growth-areas-to-bank-on-amid-volatility The world will have to grapple with massive consequences behind technological disruption on jobs displacement, both for blue-collar and white-collar workers. InvestmentView Mitsubishi UFJ expands in US with online banking News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34220/mitsubishi-ufj-expands-in-us-with-online-banking Japan's leading bank group seeks nationwide presence Retail Banking China's giant ICBC bank to invest $20 billion in Egypt over 10 years News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34232/chinaamp039s-giant-icbc-bank-to-invest-20-billion-in-egypt-over-10-years An ICBC delegation, headed by Tsai, is currently visiting the North African country to discuss opportunities to boost bilateral cooperation with a number of ministers and government officials. Retail Banking SBI, five associate banks combine assets in mega merger News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34243/sbi-five-associate-banks-combine-assets-in-mega-merger When its is completed, the merger will result in a bank which will have assets of over Rs 37 lakh crore $555 billion, 22,500 branches and 58,000 ATMs. Retail Banking Banks can improve assessment of mortgage risk News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34208/banks-can-improve-assessment-of-mortgage-risk We capture a lot of different property types under the one classification. Retail Banking ADB, Kiu launch e-commerce platform for Vietnamese SMEs News Aggregation Team Wednesday, February 22, 2017 12:00 am http://www.apbankers.net/article/34157/adb-kiu-launch-e-commerce-platform-for-vietnamese-smes Small businesses account for over 90 per cent of the country’s private sector, according to data by the Vietnam Chamber of Commerce and Industry. Retail Banking 4 things to watch out for small finance banks News Aggregation Team Wednesday, February 22, 2017 12:00 am http://www.apbankers.net/article/34188/4-things-to-watch-out-for-small-finance-banks Five small finance banks have started operations so far Retail Banking AFFIN Bank Implements Moody’s Analytics Software Solutions to Enhance Risk Management Capabilities News Aggregation Team Tuesday, February 21, 2017 12:00 am http://www.apbankers.net/article/34147/affin-bank-implements-moodyamprsquos-analytics-software-solutions-to-enhance-risk-management-capabilities RiskAuthority and RiskConfidence software solutions integrated seamlessly into AFFIN’s existing infrastructure Retail Banking Bank staff stage demonstration against merger News Aggregation Team Monday, February 20, 2017 12:00 am http://www.apbankers.net/article/34083/bank-staff-stage-demonstration-against-merger The merger an unfortunate act during their protest and said that this decision was not in the interest of the customers. Retail Banking Singapore's UOB reports Q4 net profit down as oil industry debts weigh News Aggregation Team Monday, February 20, 2017 12:00 am http://www.apbankers.net/article/34089/singaporeamp039s-uob-reports-q4-net-profit-down-as-oil-industry-debts-weigh The quarter, net interest income was stable at S$1.28 billion. Retail Banking Nib New Zealand first-half underlying profit up 40% News Aggregation Team Monday, February 20, 2017 12:00 am http://www.apbankers.net/article/34100/nib-new-zealand-first-half-underlying-profit-up-40 New Zealand "continues to perform in line with expectations" with revenue up 25% to $A100 million and underlying operating profit up 40% to $A10.9 million Retail Banking HSBC discloses tax evasion probes in India, other countries News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34254/hsbc-discloses-tax-evasion-probes-in-india-other-countries HSBC further said it has set aside USD 773 million over Rs 5,000 crore as a provision for various tax- and money laundering-related matters. Tax Indonesia government to give tax office access to banking data soon - tax chief News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34266/indonesia-government-to-give-tax-office-access-to-banking-data-soon-tax-chief The regulation is set to be issued near the time a flagship tax amnesty programme ends in March, he said. Tax Out to prove S'pore is not a tax haven News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34268/out-to-prove-samp039pore-is-not-a-tax-haven Former judicial commissioner Edmund Leow is back practising the branch of law he loves Tax Pakistani cash in Swiss banks pulled out? News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34167/pakistani-cash-in-swiss-banks-pulled-out The decision to initial the treaty in Switzerland by the Pakistan’s taxmen was not liked by those who were sitting at the helm of affairs in Islamabad Tax Indonesia government to give tax office access to banking data soon - tax chief News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34215/indonesia-government-to-give-tax-office-access-to-banking-data-soon-tax-chief The regulation is set to be issued near the time a flagship tax amnesty programme ends in March. Tax Tax Reform 2017: Relaxing the Bank Secrecy law in cases of tax evasion News Aggregation Team Tuesday, February 21, 2017 12:00 am http://www.apbankers.net/article/34138/tax-reform-2017-relaxing-the-bank-secrecy-law-in-cases-of-tax-evasion The bill covers both peso and foreign currency bank accounts, thus taxpayer information can be obtained by the CIR even without the taxpayer’s consent. Tax New Cyprus-India Treaty for the Avoidance of Double Taxation News Aggregation Team Tuesday, February 21, 2017 12:00 am http://www.apbankers.net/article/34152/new-cyprus-india-treaty-for-the-avoidance-of-double-taxation It also expands the permanent establishment article. Tax GST's IT infra firm under scrutiny for tax evasion News Aggregation Team Monday, February 20, 2017 12:00 am http://www.apbankers.net/article/34085/gstamp039s-it-infra-firm-under-scrutiny-for-tax-evasion The summon also asked the company to produce details of receipts of funds from the Centre and details of payments made to Infosys. Tax HK Gov't. Must Review Tax System to Maintain Competitiveness, Says KPMG News Aggregation Team Monday, February 20, 2017 12:00 am http://www.apbankers.net/article/34110/hk-govamp039t-must-review-tax-system-to-maintain-competitiveness-says-kpmg KPMG suggests to lower the profits tax rate to 8.25 percent for certain income derived by qualifying regional headquarters and extend the current tax exemption to onshore funds. Tax Property industry say Labor's tax will hurt WA News Aggregation Team Monday, February 20, 2017 12:00 am http://www.apbankers.net/article/34120/property-industry-say-laboramp039s-tax-will-hurt-wa WA is one of the only states in Australia that does not tax offshore buyers for investing in property. Tax China’s smaller banks vulnerable to shocks as policy makers tighten rules News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34256/chinaamprsquos-smaller-banks-vulnerable-to-shocks-as-policy-makers-tighten-rules Liquidity risks are now a reality for China’s smaller lenders and could even lead to bank runs or bankruptcies, say analysts Comment, Analysis & Research Fee Transparency Moves Gain Momentum in Asia News Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34250/fee-transparency-moves-gain-momentum-in-asia Regulators mull over enhanced disclosures, but long way ahead for fee-based advisory model Comment, Analysis & Research Asian Millennials Face Critical Retirement Finance Crunch - Survey News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34252/asian-millennials-face-critical-retirement-finance-crunch-survey 3 in 10 millennials expect to run out ofmoney in retirement, and nearly 4 in 10 expect to carry mortgage debt intotheir retirement years Comment, Analysis & Research Jump in China’s shadow banking products potentially destabilising News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34263/jump-in-chinaamprsquos-shadow-banking-products-potentially-destabilising The issue is that with high yields, the funds obtained via WMPs may well be invested into risky classes of companies, sectors, ventures, assets and derivatives. Comment, Analysis & Research Alex Fung: «Investing in Times of Uncertainty» News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34271/alex-fung-amplaquoinvesting-in-times-of-uncertaintyampraquo As Swiss entrepreneurs and their foreign partners scored business successes, the need grew for advisory and other financial services. Comment, Analysis & Research Online Hiring for Banking & Finance Sector Remains Muted Across Southeast Asia News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34273/online-hiring-for-banking-ampamp-finance-sector-remains-muted-across-southeast-asia In the same month, Malaysia reported an 11% growth, recording a sharp improvement from December’s -12%, while Singapore accounted a 2% decline year-on-year. Comment, Analysis & Research Positive on domestic economy, like banking: Kotak Old Mutual News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34286/positive-on-domestic-economy-like-banking-kotak-old-mutual Hemant Kanawala of Kotak Mahindra Old Mutual Life Insurance believes the telecom sector will see intense competition Comment, Analysis & Research SC continues to pursue fund management industry’s long-term growth News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34287/sc-continues-to-pursue-fund-management-industryamprsquos-long-term-growth Ahmad Fairuz added that this was in line with SC’s heightened emphasis on the importance of public trust and investor confidence. Comment, Analysis & Research New rules for asset managers as concerns over debt grow News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34223/new-rules-for-asset-managers-as-concerns-over-debt-grow Previous efforts have failed to curb the shadow-banking time bomb Comment, Analysis & Research Putting Asia’s Savings to Work in Asia Region News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34214/putting-asiaamprsquos-savings-to-work-in-asia-region And this imbalance is not likely to go away any time soon. Comment, Analysis & Research