The Asia Pacific Banking News Network http://www.apbankers.net/ Mon, 27 Jun 2016 02:18:47 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP After Brexit, Bex’s it: David Beckham back in Hong Kong News Aggregation Team Monday, June 27, 2016 12:00 am http://www.apbankers.net/article/29531/after-brexit-bexamprsquos-it-david-beckham-back-in-hong-kong Avoiding questions about the fallout from his country’s shock Brexit vote, the 41-year-old said he was happy to be back in Hong Kong. Wealth and Asset Management The new philanthropists in town: $50m fund for 'the overlooked, unloved, underdog causes' News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29532/the-new-philanthropists-in-town-50m-fund-for-amp039the-overlooked-unloved-underdog-causesamp039 He has donated $50 million to the endowment fund of his Silent Foundation, which he set up in 2010. Wealth and Asset Management Swiss bank ramping up wealth business in Asia News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29514/swiss-bank-ramping-up-wealth-business-in-asia Demand for wealth management services is growing in Asia with the rise of the upper class. Wealth and Asset Management Brexit reopens HSBC and Standard Chartered relocation debate. News Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29517/brexit-reopens-hsbc-and-standard-chartered-relocation-debate Given that investors are dumping HSBC and Standard Chartered shares due to the impending Brexit, the banks’ boards will have to consider alternative strategies as a result. Wealth and Asset Management JBWere to reduce adviser commissions News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29480/jbwere-to-reduce-adviser-commissions This will be funded from a percentage of profits. Wealth and Asset Management Opportunity for debt structuring through Mauritius News Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29487/opportunity-for-debt-structuring-through-mauritius Following the above amendment, debt structuring through Mauritius is likely to become an attractive proposition for foreign investors seeking to invest in India. Wealth and Asset Management Vistra News Bulletin - June 2016 News Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29500/vistra-news-bulletin-june-2016 We also look at the new tax treaties which three of our jurisdictions, Mauritius, Cyprus, and India, have been involved in. Wealth and Asset Management Hong Kong to see more small players grabbing the wealth management cake News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29396/hong-kong-to-see-more-small-players-grabbing-the-wealth-management-cake London-listed boutique fund manager Jupiter Asset Management expects HK to provide sustainable growth opportunities Wealth and Asset Management The emergence of Asian multi-family offices News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29413/the-emergence-of-asian-multi-family-offices Philippe Legrand of London and Capital Asia explains Wealth and Asset Management Swiss private banks sharpen Southeast Asia focus News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29414/swiss-private-banks-sharpen-southeast-asia-focus Wealth managers capitalise on global banks’ retreat to tap rich clients in developing markets Wealth and Asset Management CPPIB confirms two senior Asia promotions News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29502/cppib-confirms-two-senior-asia-promotions In her new role, she will lead private investments in Asia with a focus on both direct PE investments and fund commitments. Executive Moves VicSuper CIO steps down News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29507/vicsuper-cio-steps-down Prior to VicSuper Fabian was general manager, investment and chief investment officer at StatePlus Executive Moves New portfolio manager for IOOF News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29508/new-portfolio-manager-for-ioof "He is a valuable addition to IOOF's strong and award-­winning multi-­manager team," said Merlicek. Executive Moves AMP Board elects Catherine Brenner as Chairman News Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29512/amp-board-elects-catherine-brenner-as-chairman The board and management team remain focused on the delivery of AMP's strategy – transforming its core Australian business to be more customer centred, continuing its focus on efficiency and agility and capitalising on its investment strengt Executive Moves Clime director steps down News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29459/clime-director-steps-down He has held numerous senior roles in his career including with Readers Digest, Time Warner, Barton Shipping, Heinz Food and Rothmans Tobacco in Australia and Europe. Executive Moves FIIG appoints former Wallaby to senior QLD role News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29460/fiig-appoints-former-wallaby-to-senior-qld-role He has also played 134 games for the Queensland Reds and is currently the team's most capped player ever. Executive Moves IFM Investors expands private capital team News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29462/ifm-investors-expands-private-capital-team Lipchin said the appointment was a mark of IFM Investors' evolution and growth in delivering better value to investors in this asset class. Executive Moves Cbus grows investment strategy team News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29463/cbus-grows-investment-strategy-team Prior to Goldman Sachs, he worked at high profile financial institutions including BOA Merrill Lynch, Amba Research and HSBC. Executive Moves Nomura Announces Top Management Appointments News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29468/nomura-announces-top-management-appointments Nobuyuki Koga Chairman of the Board of Directors Executive Moves Adrian Hondros parts ways with Commonwealth Bank of Australia News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29471/adrian-hondros-parts-ways-with-commonwealth-bank-of-australia A search is understood to be taking place to find a replacement. Executive Moves China central bank chief sees ‘dynamic’ monetary policy adjustments News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29527/china-central-bank-chief-sees-amplsquodynamicamprsquo-monetary-policy-adjustments Since devaluations last August and in January roiled markets, the PBOC has spent hundreds of billions of dollars in foreign exchange reserves Legal, Regulation & Compliance Oliver Curtis spends first night in prison after being sentenced for insider trading News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29526/oliver-curtis-spends-first-night-in-prison-after-being-sentenced-for-insider-trading NSW supreme court judge says former stockbroker used profits from the conspiracy to ‘fund a lifestyle of conspicuous extravagance’ Legal, Regulation & Compliance Bank to continue investment strategy when need arises News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29534/bank-to-continue-investment-strategy-when-need-arises There will be job increases in Vietnam and also in the Philippines where we have applied for a licence. Legal, Regulation & Compliance Singapore Central Bank Says Ready to Curb Excessive SGD Volatility News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29538/singapore-central-bank-says-ready-to-curb-excessive-sgd-volatility The MAS manages monetary policy by letting the Singapore dollar rise or fall against the currencies of its main trading partners Legal, Regulation & Compliance MAS says BSI's Swiss appeal has no bearing on its regulatory action News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29540/mas-says-bsiamp039s-swiss-appeal-has-no-bearing-on-its-regulatory-action Switzerland also began criminal proceedings against BSI. Legal, Regulation & Compliance UBS Gives IRS Records on U.S. Citizen’s Account in Singapore News Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29481/ubs-gives-irs-records-on-us-citizenamprsquos-account-in-singapore The IRS said it needed the records to determine Hsiaw’s income tax liabilities from 2006 to 2011. Legal, Regulation & Compliance Regulator dials up pressure on banks’ real estate lending News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29511/regulator-dials-up-pressure-on-banksamprsquo-real-estate-lending The comments add to heated debate that ANZ, Westpac, Commonwealth Bank and National Australia Bank may have to seek more cash from shareholders in coming years to meet new regulations, on top of about $18 billion raised last year. Legal, Regulation & Compliance APRA outlines plans to refocus Appointed Actuary role News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29458/apra-outlines-plans-to-refocus-appointed-actuary-role APRA's proposals are designed to ensure the role remains fit for purpose. Legal, Regulation & Compliance ASIC puts culture top of mind News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29461/asic-puts-culture-top-of-mind Poor culture often leads to poor outcomes for investors and consumers, impacts on the integrity of the Australian financial markets, and can erode investor and financial consumer trust and confidence. Legal, Regulation & Compliance Welfare fraud targeted more than tax evasion News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29464/welfare-fraud-targeted-more-than-tax-evasion White collar criminals get a better deal than welfare fraudsters because the system is biased before they even get to the courts, a lawyer says. Legal, Regulation & Compliance Reserve Bank of India (RBI) To Research Blockchain Technology News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29539/reserve-bank-of-india-rbi-to-research-blockchain-technology The announcement was made at a press conference organized during an event organized by the Institute for Development and Research in Banking Technology FinTech Digital Payment Firms Diversifying Into Wealth Management, Offering Other Financial Services News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29443/digital-payment-firms-diversifying-into-wealth-management-offering-other-financial-services While Mobikwik announced 6% interest on wallet balance and a provision to electronically conduct KYC earlier this month, another payment firm ItzCash tied up with an insurance firm DHFL Pramerica to launch a health insurance offering FinTech DBS to bring Apple Pay to Hong Kong customers News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29451/dbs-to-bring-apple-pay-to-hong-kong-customers The move is part of the bank’s effort to maintain its pioneering role in digital banking. FinTech Mrs Watanabe bets on robots to rule News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29398/mrs-watanabe-bets-on-robots-to-rule World’s first robotics-themed managed equity fund a big hit with Japan’s retail investors FinTech DBS Bank to start innovation lab News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29403/dbs-bank-to-start-innovation-lab Traditionally, we have had IT capabilities outsourced. FinTech Lawyers prepare for 'driverless M&A' as smart contract era dawns News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29404/lawyers-prepare-for-amp039driverless-mampampaamp039-as-smart-contract-era-dawns Smart contracts are an application on the blockchain, referring to computer protocols which verify and execute the terms of a contract, removing the need for humans to monitor compliance and enforcement. FinTech Bendigo and Adelaide Bank deploys IBM Bluemix cloud development platform News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29419/bendigo-and-adelaide-bank-deploys-ibm-bluemix-cloud-development-platform It means we can operate with a start-up mindset with our speed-to-market capability enhanced, and this will ultimately deliver the best outcome to our customers. FinTech Misys and Habib Bank recognised by Celent for integrated corporate banking platform News Team Sunday, June 19, 2016 12:00 am http://www.apbankers.net/article/29405/misys-and-habib-bank-recognised-by-celent-for-integrated-corporate-banking-platform Celent's Model Bank program recognises innovation and transformation - Habib Bank targets 65% growth in corporate banking business FinTech Sentry and IRESS partner for new tech solution News Aggregation Team Friday, June 17, 2016 12:00 am http://www.apbankers.net/article/29328/sentry-and-iress-partner-for-new-tech-solution Executive director and head of business solutions at Sentry, David Newman said SENTRAK will go live through a gradual roll out through the group's adviser network commencing in July. FinTech Capgemini launches new digital and UX consultancy in Australia News Aggregation Team Friday, June 17, 2016 12:00 am http://www.apbankers.net/article/29367/capgemini-launches-new-digital-and-ux-consultancy-in-australia Backelite aims to provide a range of digital and experience strategy services to Australian brands FinTech Russia’s President Putin hails ‘all-embracing’ bilateral partnership with China with nations due to sign more than 30 trade deals News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29528/russiaamprsquos-president-putin-hails-amplsquoall-embracingamprsquo-bilateral-partnership-with-china-with-nations-due-to-sign-more-than-30-trade-deals Both Xi and Putin witnessed the signing of deals after holding talks, Xinhua reported. Alternative Investments China’s mutual fund industry suffers brain drain as managers cope with growing workload News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29503/chinaamprsquos-mutual-fund-industry-suffers-brain-drain-as-managers-cope-with-growing-workload Experienced professionals prefer hedge funds which offer higher pay and more flexibility in asset management Alternative Investments Vistra Group acquires Ujwal to further expand its footprint in India News Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29515/vistra-group-acquires-ujwal-to-further-expand-its-footprint-in-india The majority of Ujwal’s clients are Indian subsidiaries of foreign multinationals, predominantly in the information technology sector. Alternative Investments 'Powerful storm' set to hit Asian banking industry: McKinsey News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29482/amp039powerful-stormamp039-set-to-hit-asian-banking-industry-mckinsey However, this "golden decade" is ending and the financial industry should be prepared to face an era of slower growth rates and increased challenges in generating profits, it added. Alternative Investments LEX: Tech beats banks in Asia News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29492/lex-tech-beats-banks-in-asia Since the financial crisis, Asia has propelled global banks' profits, and Asian banking shares have outperformed their European and US peers. Alternative Investments Papua New Guinea eyes sovereign bond debut News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29493/papua-new-guinea-eyes-sovereign-bond-debut Earlier this month, police opened fire on student protesters marching against Prime Minister Peter O’Neill at an anti-corruption rally, sparking riots in the capital Port Moresby. Alternative Investments EPF allocates US$24.64 billion to shariah fund News Aggregation Team Wednesday, June 22, 2016 12:00 am http://www.apbankers.net/article/29454/epf-allocates-us2464-billion-to-shariah-fund What sets the fund apart from its conventional counterpart is that the former is not exposed to banking and insurance stocks. Meanwhile, contributors are free to choose from among the two schemes. Alternative Investments Hedge Funds Standards Board grows in Asia News Aggregation Team Wednesday, June 22, 2016 12:00 am http://www.apbankers.net/article/29474/hedge-funds-standards-board-grows-in-asia The APAC Committee will help the HFSB establish a more dedicated effort in the region by assisting with the HFSB’s dialogue and relationships with regulators, hedge fund managers and investors, and ensuring that Asia-Pacific regional and local issue Alternative Investments TPG Growth to Acquire 40% Stake in One Network Bank from BDO News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29422/tpg-growth-to-acquire-40-stake-in-one-network-bank-from-bdo The investment will allow ONB to expand and develop new products to cover the underserved market segments. Alternative Investments HSS takes on Asia custody and fund admin mandate for Allianz News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29426/hss-takes-on-asia-custody-and-fund-admin-mandate-for-allianz The mandate covers Allianz’s insurance business across Indonesia, Korea, Malaysia, Singapore, Taiwan and Thailand. Alternative Investments Russian bank trio to roll out Islamic finance products News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29423/russian-bank-trio-to-roll-out-islamic-finance-products These new efforts will create new impetus. Islamic Finance Inside Dubai Islamic Bank's move into Indonesia News Aggregation Team Friday, June 17, 2016 12:00 am http://www.apbankers.net/article/29337/inside-dubai-islamic-bankamp039s-move-into-indonesia Dubai Islamic Bank completed its investment into Panin Dubai Syariah Bank in December 2015. Adnan Chilwan, CEO, DIB, spoke with IB&F to give insight into their Indonesia strategy Islamic Finance China Turns To Islamic Finance To Drive Economic Initiative News Aggregation Team Friday, June 10, 2016 12:00 am http://www.apbankers.net/article/29234/china-turns-to-islamic-finance-to-drive-economic-initiative Compared to traditional financial products, Islamic finance has developed significantly due to its high flexibility of business, low risk, low debt requirements and the need to use real estate as collateral. Islamic Finance Philippines may join Asian sovereigns testing sukuk market News Aggregation Team Friday, June 10, 2016 12:00 am http://www.apbankers.net/article/29245/philippines-may-join-asian-sovereigns-testing-sukuk-market The Philippines' incoming finance minister is looking at raising debt via sukuk and yuan borrowings to diversify its debt profile, but has yet to firm up plans. Islamic Finance ICB Islamic Bank has no merger plan News Aggregation Team Tuesday, June 07, 2016 12:00 am http://www.apbankers.net/article/29146/icb-islamic-bank-has-no-merger-plan The bank is trying to regain sound health Islamic Finance Islamic banking will be most relevant to SME sector: Zafar Sareshwala News Aggregation Team Thursday, June 02, 2016 12:00 am http://www.apbankers.net/article/29072/islamic-banking-will-be-most-relevant-to-sme-sector-zafar-sareshwala Interview with director and head of Islamic Corporation for Development's India operations Islamic Finance ‘Islamic banking’ to make India debut in Gujarat News Aggregation Team Thursday, June 02, 2016 12:00 am http://www.apbankers.net/article/29091/amplsquoislamic-bankingamprsquo-to-make-india-debut-in-gujarat The IDB, a multilateral lender with an authorised capital of $100 billion, counts 56 Muslim nations as its members. Islamic Finance The Future of Finance: A Growing Global Perspective News Aggregation Team Wednesday, June 01, 2016 12:00 am http://www.apbankers.net/article/29056/the-future-of-finance-a-growing-global-perspective Despite recent periods of economic decline, the sector continues to see huge levels of international growth – and that means global career prospects are far more stable than in many other fields. Islamic Finance Islamic banking set to launch in India amid controversy News Aggregation Team Monday, May 30, 2016 12:00 am http://www.apbankers.net/article/28980/islamic-banking-set-to-launch-in-india-amid-controversy Though India is not typically seen as being part of the “Islamic world", its 180 million-strong Muslim population makes it an attractive place for the IDB to set up shop. Islamic Finance First China-UAE Conference on Islamic Banking & Finance concludes with positive outlook for future of Islamic Economy News Aggregation Team Monday, May 30, 2016 12:00 am http://www.apbankers.net/article/28999/first-china-uae-conference-on-islamic-banking-ampamp-finance-concludes-with-positive-outlook-for-future-of-islamic-economy A total of 11 keynote addresses were delivered throughout the conference, reflecting the experiences of Dubai in developing the Islamic economy Islamic Finance China says AIIB will have better understanding of developing world’s needs than other international development banks News Aggregation Team Monday, June 27, 2016 12:00 am http://www.apbankers.net/article/29530/china-says-aiib-will-have-better-understanding-of-developing-worldamprsquos-needs-than-other-international-development-banks A power grid upgrade project in Bangladesh will be solely AIIB financed. Investment Banking China-Led Development Bank Approves First Loans News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29518/china-led-development-bank-approves-first-loans The Asian Infrastructure Investment Bank, launched in January with 57 member governments, already has received expressions of interest from possible additional members, said Jin Liqun at a news conference. Investment Banking Standard Chartered Bank predicts 4 percent growth rate for the whole year News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29533/standard-chartered-bank-predicts-4-percent-growth-rate-for-the-whole-year As for the inflation rate, Ms Ussara said inflation rate for the second half of the year would surpass one percent but the policy rate is likely to remain at 1.5 percent until the end of the year. Investment Banking Bank mergers likely to happen after SBI consolidation, says finance ministry official News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29535/bank-mergers-likely-to-happen-after-sbi-consolidation-says-finance-ministry-official Banks can only make acquisitions when they have financial might which is subdued at the moment due to clean up exercise of balance sheet, the official added. Investment Banking China says AIIB will have better understanding of developing world’s needs than other international development banks News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29537/china-says-aiib-will-have-better-understanding-of-developing-worldamprsquos-needs-than-other-international-development-banks Finance Minister Lou Jiwei says this expertise will help the Chinese-led lender create its own special niche and role Investment Banking HBL to open first Pakistani bank branch in China News Aggregation Team Wednesday, June 22, 2016 12:00 am http://www.apbankers.net/article/29456/hbl-to-open-first-pakistani-bank-branch-in-china Habib Bank Limited will be the first South Asian bank to start operations in the Western Chinese part and the soft launch of the project will be held on August 14 this year in Beijing. Investment Banking YES Bank plans to raise $1 billion from international markets News Aggregation Team Wednesday, June 22, 2016 12:00 am http://www.apbankers.net/article/29457/yes-bank-plans-to-raise-1-billion-from-international-markets Its Board of Directors have approved to raise an additional $1 billion of Equity Capital following the $500 million raised in May 2014. Investment Banking Goldman Sachs's Jabe Jerram poached by JPMorgan News Aggregation Team Wednesday, June 22, 2016 12:00 am http://www.apbankers.net/article/29470/goldman-sachsamp039s-jabe-jerram-poached-by-jpmorgan Jerram spent 10 years at Goldman Sachs and was a managing director and head of ECM syndicate. He is viewed as a highly experienced ECM practitioner. Investment Banking Foreign banks' Korean exodus: Banco Santander to exit from Korea News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29452/foreign-banksamp039-korean-exodus-banco-santander-to-exit-from-korea It will also provide support to Santander clients doing business in Korea. Investment Banking BNP Paribas launches ESG Risk Analytics News Aggregation Team Monday, June 20, 2016 12:00 am http://www.apbankers.net/article/29409/bnp-paribas-launches-esg-risk-analytics With this new solution, we aim to help institutional investors overcome obstacles and incorporate ESG into their everyday investment decisions,” he explains. Investment Banking Hong Kong-Singapore stars fade with boom-to-gloom in finance News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29469/hong-kong-singapore-stars-fade-with-boom-to-gloom-in-finance Problems in the two cities are similar. InvestmentView India on course to become world's first trillion-dollar bull market in 2016 News Aggregation Team Monday, June 13, 2016 12:00 am http://www.apbankers.net/article/29257/india-on-course-to-become-worldamp039s-first-trillion-dollar-bull-market-in-2016 Valuations aren't cheap relative to history but we expect earnings will start to pick up gradually from depressed levels. InvestmentView Goldman Sachs: We're going 'outright negative' on China's yuan News Aggregation Team Monday, June 06, 2016 12:00 am http://www.apbankers.net/article/29118/goldman-sachs-weamp039re-going-amp039outright-negativeamp039-on-chinaamp039s-yuan The bank's analysts said although Beijing had moved changed its focus to the yuan's against a basket of currencies, Chinese consumers and businesses had not shifted their mindset away from the currency's dollar exchange rate. InvestmentView A History of Malware and Viruses (Part 1/2) by Craig Smallman, Sammedia News Team Friday, May 20, 2016 12:00 am http://www.apbankers.net/article/28817/a-history-of-malware-and-viruses-part-12-by-craig-smallman-sammedia The term computer virus was described in 1984 as ‘a program that can infect other programs by modifying them to include a possibly evolved copy of itself’, yet even before 1984, there were many papers published regarding viruses, even if they InvestmentView Why Chinese fund managers are having a tough time News Aggregation Team Thursday, May 19, 2016 12:00 am http://www.apbankers.net/article/28766/why-chinese-fund-managers-are-having-a-tough-time The conclusion is that risk is rising but still within control. InvestmentView Japanese GDP figures flatter to deceive - Schroders News Team Wednesday, May 18, 2016 12:00 am http://www.apbankers.net/article/28745/japanese-gdp-figures-flatter-to-deceive-schroders There are strong rumours that Prime Minister Abe is looking to postpone the next hike in the consumption tax scheduled for April next year. InvestmentView President-elect Duterte invigorates the Philippines News Aggregation Team Monday, May 16, 2016 12:00 am http://www.apbankers.net/article/28659/president-elect-duterte-invigorates-the-philippines A more stable Philippines is adding to the allure of emerging markets around the world. InvestmentView China: "Not as badly broken as some would suggest" - Matt Sheldon, Kleinwort Benson Investors News Team Thursday, May 12, 2016 12:00 am http://www.apbankers.net/article/28574/china-ampquotnot-as-badly-broken-as-some-would-suggestampquot-matt-sheldon-kleinwort-benson-investors “Having visited those driving change in China, I am less confused and increasingly of the belief that the next few years will be stronger than the market currently predicts” InvestmentView China’s Economy: Is There Something We Are Missing ? News Aggregation Team Monday, May 09, 2016 12:00 am http://www.apbankers.net/article/28483/chinaamprsquos-economy-is-there-something-we-are-missing It has taken the market quite some time to come to that conclusion as most people thought the central planners in Beijing were invincible. InvestmentView China debt fears cloud the real picture, says AXA News Aggregation Team Monday, May 09, 2016 12:00 am http://www.apbankers.net/article/28494/china-debt-fears-cloud-the-real-picture-says-axa The main distinction with other developing economies, he says, is that most of the debt load is domestic, meaning little foreign currency exposure. InvestmentView CIMB partners with Lazada to help SMEs grow News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29501/cimb-partners-with-lazada-to-help-smes-grow The partnership will allow Lazada merchants to get fast-approval loans of up to RM300,000 from CIMB. Retail Banking MNC Bank hunts for medium-sized banks to acquire News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29505/mnc-bank-hunts-for-medium-sized-banks-to-acquire MNC Kapital has allocated Rp 1.5 trillion in cash for the merger and acquisition this year. Retail Banking AmBank to transform digital banking capabilities News Aggregation Team Thursday, June 16, 2016 12:00 am http://www.apbankers.net/article/29354/ambank-to-transform-digital-banking-capabilities Our partners are better in terms of the technology and I would like to leverage on that, Retail Banking Postal Savings Bank aims for $62b News Aggregation Team Wednesday, June 15, 2016 12:00 am http://www.apbankers.net/article/29336/postal-savings-bank-aims-for-62b In January, the bank selected five investment banks for arrangements about the IPO. Retail Banking HSBC renews Bell Direct relationship News Aggregation Team Wednesday, June 08, 2016 12:00 am http://www.apbankers.net/article/29194/hsbc-renews-bell-direct-relationship "We are pleased to continue growing alongside HSBC Australia following the launch of our partnership in June 2012," he said. Retail Banking Dominguez bucks DBP-LBP merger News Aggregation Team Tuesday, June 07, 2016 12:00 am http://www.apbankers.net/article/29145/dominguez-bucks-dbp-lbp-merger The BSP official said the BSP was moving forward with the review of the merger plan as mandated under the EO. Retail Banking Why everyone wants a piece of India Post’s payments bank News Aggregation Team Monday, June 06, 2016 12:00 am http://www.apbankers.net/article/29119/why-everyone-wants-a-piece-of-india-postamprsquos-payments-bank IPPB will, on the day it launches, have a network of more than 150,000 branches, of which almost 140,000 are in India’s rural hinterland Retail Banking Bank of East Asia Closes Securities Unit in HK News Aggregation Team Monday, June 06, 2016 12:00 am http://www.apbankers.net/article/29125/bank-of-east-asia-closes-securities-unit-in-hk The company said the job cuts account for 3.8% of the bank’s employees in Hong Kong. Retail Banking National Australia Bank named Bank of the Year 2016 News Aggregation Team Sunday, June 05, 2016 12:00 am http://www.apbankers.net/article/29117/national-australia-bank-named-bank-of-the-year-2016 Every year, Money Magazine partners with research partner Canstar to evaluate more than 15,000 financial products and services from more than 140 financial institutions Retail Banking India Post Payments Bank to shake up financial services in rural India News Aggregation Team Friday, June 03, 2016 12:00 am http://www.apbankers.net/article/29108/india-post-payments-bank-to-shake-up-financial-services-in-rural-india The India Post Payments Bank will target financially excluded customers like migrant workers, low-income households and tiny businesses Retail Banking Indonesia's parliament set to pass new tax amnesty law next week News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29529/indonesiaamp039s-parliament-set-to-pass-new-tax-amnesty-law-next-week A government official involved in the deliberations confirmed with The Straits Times that under the tax amnesty law, the government will tax these assets held by individuals or companies Tax Tax efficiency no longer primary driver for offshore investment News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29513/tax-efficiency-no-longer-primary-driver-for-offshore-investment This was followed by tax efficiency (23.2 per cent) and better investment returns offshore (21.9 per cent). Tax Govt approves double taxation avoidance agreement with Belgium News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29490/govt-approves-double-taxation-avoidance-agreement-with-belgium To check abuse of double taxation, India signs agreement with Belgium. Tax A generational mind-set to servicing family wealth News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29450/a-generational-mind-set-to-servicing-family-wealth But tax is not really important compared with the underlying realities. Tax Australia taxes foreign home buyers as affordability bites News Aggregation Team Sunday, June 19, 2016 12:00 am http://www.apbankers.net/article/29402/australia-taxes-foreign-home-buyers-as-affordability-bites Lend Lease said the sale broke local records but such reports have also fuelled calls for government action to protect Australian buyers. Tax OECD mulls blacklist for defiant tax havens News Aggregation Team Thursday, June 16, 2016 12:00 am http://www.apbankers.net/article/29361/oecd-mulls-blacklist-for-defiant-tax-havens The evaluation standards of an international entity that examines the transparency of jurisdictions for tax purposes will likely be used for this determination. Tax Tax avoidance tactics laid bare: PwC tells multinationals 'read the play' News Aggregation Team Tuesday, June 14, 2016 12:00 am http://www.apbankers.net/article/29289/tax-avoidance-tactics-laid-bare-pwc-tells-multinationals-amp039read-the-playamp039 It's just that now their clever tax tactics are being devised with consideration of the political landscape, and the greater threat of audits. Tax Multinational tax avoidance cost Australia $6bn in 2014, Oxfam report claims News Aggregation Team Thursday, June 09, 2016 12:00 am http://www.apbankers.net/article/29228/multinational-tax-avoidance-cost-australia-6bn-in-2014-oxfam-report-claims Report calls on government to strengthen Australia’s multinational tax avoidance laws and make financial reporting requirements more transparent Tax Panama Papers Link Cambodians to Offshore Firms News Aggregation Team Wednesday, June 08, 2016 12:00 am http://www.apbankers.net/article/29197/panama-papers-link-cambodians-to-offshore-firms The latest data include 25 individuals related to Cambodia who hold shares in 26 different offshore companies. Tax UPDATE 1-Indonesia proposes law to give tax office access to bank data News Aggregation Team Wednesday, June 08, 2016 12:00 am http://www.apbankers.net/article/29204/update-1-indonesia-proposes-law-to-give-tax-office-access-to-bank-data The central bank governor said last month that Indonesia has to adjust its banking law to aid its tax officials before 2018, in line with the global trend. Tax PH banks urged: Seize benefits of AEC News Aggregation Team Sunday, June 26, 2016 12:00 am http://www.apbankers.net/article/29536/ph-banks-urged-seize-benefits-of-aec Reyes said that for Philippine banks, one of the positive benefits of the integration is that it will widen the market of bank customers. Comment, Analysis & Research Brexit offshore: London’s loss is Singapore’s gain News Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29516/brexit-offshore-londonamprsquos-loss-is-singaporeamprsquos-gain Any impact in Asia will be felt most strongly in Singapore, and even there it is mainly in the offshore wealth management sector that the effects will be most pronounced. Comment, Analysis & Research Morningstar reappointed as CBA advice research provider News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29509/morningstar-reappointed-as-cba-advice-research-provider The review focused on not only our Licensees and financial advisers' immediate needs but also the future needs Comment, Analysis & Research Philippine companies start to spread their wings News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29510/philippine-companies-start-to-spread-their-wings Rise in outbound M&A aided by expansion of domestic debt markets Comment, Analysis & Research Blockchain more than hype News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29485/blockchain-more-than-hype Blockchain technology is likely to be the biggest driver of change in the asset management industry, according to Nikko Asset Management. Comment, Analysis & Research Wealth Firms must improve digital maturity to avoid profit loss from HNW client and wealth manager attrition finds World Wealth Report 2016 News Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29489/wealth-firms-must-improve-digital-maturity-to-avoid-profit-loss-from-hnw-client-and-wealth-manager-attrition-finds-world-wealth-report-2016 Wealth management firms are missing the mark when it comes to implementing digital capabilities, and as a result, are putting profits, client, and employee retention at significant risk. Comment, Analysis & Research Asia-Pacific Wealth Exceeds North America's for First Time News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29491/asia-pacific-wealth-exceeds-north-americaamp039s-for-first-time Millionaires’ assets in Asia-Pacific countries surged almost 10 percent to $17.4 trillion, outstripping North America’s $16.6 trillion, Cap Gemini said on Thursday. Comment, Analysis & Research 'Modest' direct impact of Brexit on Singapore economy in medium to long-term: MTI News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29495/amp039modestamp039-direct-impact-of-brexit-on-singapore-economy-in-medium-to-long-term-mti The latter outcome is often termed as Brexit. Comment, Analysis & Research Japan's Weakness Presents Opportunities for Europe's Investors Land of the rising currency set for further inflows News Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29496/japanamp039s-weakness-presents-opportunities-for-europeamp039s-investors-land-of-the-rising-currency-set-for-further-inflows The benchmark index currently sits at about 40% of its 1989 peak. Comment, Analysis & Research China graft purge will pay off, says Gucci’s François-Henri Pinault News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29497/china-graft-purge-will-pay-off-says-gucciamprsquos-franampccedilois-henri-pinault Faced with the crackdown, many Chinese consumers changed the way they bought luxury goods. Comment, Analysis & Research