Regulators in Singapore and Hong Kong have temporarily pulled back verification rules, allowing for video conferencing and digital submissions of paperwork such as deeds, licences and signatures. Photo: AFP Regulators in Singapore and Hong Kong have temporarily pulled back verification rules, allowing for video conferencing and digital submissions of paperwork such as deeds, licences and signatures. Photo: AFP
Regulators in Singapore and Hong Kong have temporarily pulled back verification rules, allowing for video conferencing and digital submissions of paperwork such as deeds, licences and signatures. Photo: AFP
Private banking

With bankers grounded by Covid-19 flare-ups, the likes of JPMorgan and UBS see slowdown in Asian wealth management business

  • More than half of the assets managed by private banks in Hong Kong and Singapore are drawn from outside the two hubs
  • While regulators are easing rules on client engagement, banks are still catching up with digitisation and some bankers are reluctant to step away from traditional checks

Topic |   Private banking
Regulators in Singapore and Hong Kong have temporarily pulled back verification rules, allowing for video conferencing and digital submissions of paperwork such as deeds, licences and signatures. Photo: AFP Regulators in Singapore and Hong Kong have temporarily pulled back verification rules, allowing for video conferencing and digital submissions of paperwork such as deeds, licences and signatures. Photo: AFP
Regulators in Singapore and Hong Kong have temporarily pulled back verification rules, allowing for video conferencing and digital submissions of paperwork such as deeds, licences and signatures. Photo: AFP
READ FULL ARTICLE