Increasing compliance costs are keeping Asian wealth managers up at night, according to a PwC survey. Wealthy women are also an important demographic to keep an eye on.
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Some form of the financial transaction tax being debated in Europe will come into force, but what the final rules will look like is still unclear, and a decision is some way off.
Multinational fund houses with operations in Asia are being urged to pay attention to new proposals by OECD members to clamp down on tax loopholes over the next two years.
The six-month postponement of the US's Foreign Account Tax Compliance Act allows Asian companies more time to negotiate, but they shouldn't be complacent, PwC cautions.
The Monetary Authority of Singapore has set out recommendations from its Financial Advisory Industry Review. Insurers may be relieved the rules don't go as far as some expected.
Sponsors in Asia will have to come up with more innovative ways to exit investments if they want to attract investors' capital to the region, industry players agree.
There is fear about a mooted 10% tax being applied retrospectively to gains made by QFII investors trading A-shares. Regulators are tipped to unveil answers in the next six months.
