Hong Kong

HKMA Sets out Culture Requirements

By Samuel Riding | 03/03/2017

Banks should set up or expand board-level committees to tackle the issue.

AML / KYC

HK to Expand Professional Investor Qualification

By Samuel Riding | 02/03/2017

Joint accounts and existing investments to be counted towards qualification amount.

AML / KYC

HK Regulatory, Compliance Demand Steady

By Samuel Riding | 01/03/2017

Morgan McKinley report says cybersecurity among the strongest areas of demand.

Market Infrastructure

HK Delays OTC Contract Novation Reporting Requirement

By Samuel Riding | 01/03/2017

Requirement that novation dates be reported by 28 February postponed.

Capital / Liquidity

HKMA Sets out IRRBB Model Exceptions

By Samuel Riding | 28/02/2017

Upcoming consultation expected to have ‘no significant deviation’ from BCBS standardised framework.

AML / KYC

HKMA Issues Product Sales, Securities Handling Guidance

By Samuel Riding | 24/02/2017

Regulators notes ‘controls, monitoring and compliance review’ lapses by private banks.

Enforcement Roundup – Australia, Hong Kong and Malaysia

By Samuel Riding | 21/02/2017

Malaysia revokes licenses for manipulative trading activities; HK offender ordered to pay regulator’s costs.

HK SFC’s Case Completions Surge

By Samuel Riding | 17/02/2017

Regulator completes nearly 40% more investigations in 9M16; sharp fall in criminal charges laid.

Market Infrastructure

HK SFC Joins Blockchain Consortium

By Samuel Riding | 15/02/2017

Regulator to test blockchain-backed securities and futures transactions.