Hong Kong

HK Court Rejects Citron Appeal

By Samuel Riding | 16/01/2017

Court says Left’s application to appeal not on time, would not have succeeded anyway.

Market Infrastructure

HKMA Ends Trade Repository Fee Cap

By Samuel Riding | 16/01/2017

Move aims to recover costs of daily services from participants.

‘Reg A+’ Answers Hong Kong’s Start-up Needs

By Peter Guy | 16/01/2017

Rather than starting a third board, HKEX should explore creative ideas for private placements.

HK Aligns Bank Self-assessment with Revised Practice Code

By Samuel Riding | 13/01/2017

New requirements include some AI subsidiaries, affiliates in self-assessment.

AML / KYC

HKMA Issues Operational Incidents Watch

By Samuel Riding | 13/01/2017

Regulator flags errors in OTC derivatives transactions, credit card applications.

Capital / Liquidity

US Regulator Fines HSBC $33mn

By Samuel Riding | 11/01/2017

Office of the Comptroller says bank failed to fix deficiencies in time.

AML / KYC

SFC Bans Ex-Citibank Staff for Tampering with Client Signature

By Samuel Riding | 06/01/2017

Regulator says former employee attempted to deceive bank on client application.

HK SFC Reprimands, Fines MIS Services $0.4mn

By Samuel Riding | 04/01/2017

MIS Services, formerly Standard Chartered Investment Services, said non-compliant with MPF Code and Code of Conduct.

Capital / Liquidity

HK Unauthorised Mortgage Alert System Goes Live

By Samuel Riding | 04/01/2017

Land Registry will alert banks when documents are registered.