The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $11.2 million on UBS for Deceptive Trades by its Client Advisors.
The Swiss bank has expanded its private banking business in Australia with the addition of four senior executives in a move to strengthen both its product capabilities and front office team.
The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined UBS HK$400m for overcharging clients, and related internal control failures involving structured notes.
JP Morgan 2019 Global Liquidity PeerView(SM) survey reveals demand for structured deposits in Asia-Pacific remains strong in late-cycle, as focus on ESG Increases.
United Overseas Bank (UOB) is the leading structured products manufacturers in Singapore. SRP spoke to John Lau (pictured), its head of treasury products and specialists, regional and Singapore, deposit and wealth management, about the bank’s philosophy around structured products and how these products can help navigate uncertain market environments.
Australian Securities & Investments Commission (Asic) targets former ANZ advisory firm for ‘bad advice’ and ‘cookie cutter’ approach in relation to sale of structured products.
The UK bank sold structured products in only two markets during a third quarter which was impacted by a 'lower contribution from equity derivatives', according to Tushar Morzaria (pictured), finance director.
The sales volume of gold-linked products in the Asia Pacific region increased by 30% quarter-on-quarter despite a drop in the overall sales volume of structured products.
Three hundred and eighty-nine products with an estimated sales volume of CNY38.06 billion (US$5.3 billion) were added to the SRP China database in September.