Singapore braces for tightened compliance measures with a 22% increase in fines issued in 2024 from 2023, according to an industry report.

Singapore braces for tightened compliance measures with a 22% increase in fines issued in 2024 from 2023, according to an industry report.
Meanwhile, wealth managers struggle with regulatory overload.
Financial advisers and wealth managers in Asia are seeing private markets allocation rise in response to shifting market dynamics.
Yet, survey respondents recognise future impacts on economic activity and migration patterns.
The Art Basel and UBS Survey of Global Collecting 2024 also found a decline in average spending levels by value.
However, the sector has experienced volatility and inconsistency.
Although worried they will not retain assets from client’s spouses or children, financial advisers remain optimistic about client growth.
LPs are broadening their private markets portfolios, often with co-investments and secondaries, a survey by the bank finds.
BlackRock’s annual global insurance report found that most insurers surveyed plan to increase their investments to private assets in the next two years.
Brookfield Oaktree Wealth Solutions canvassed the views of HNWIs in Hong Kong, Singapore and Taiwan.
Part of the Mark Allen Group.