Hong Kong

SFC Bans Former HSBC Sales Staff

By Samuel Riding | 08/09/2016

Duo claimed commissions on fictitious unit trust sales.

Market Infrastructure

HKMA Launches Fintech Sandbox

By Samuel Riding | 07/09/2016

Scheme will include arrangements to protect volunteers in financial technology trials.

Market Infrastructure

HKMA Urges AIs to Enhance Risk Management Controls

By Samuel Riding | 01/09/2016

Reported incidents include underpayment of stamp duty on OTC transactions.

SFC Reprimands, Fines BNP Paribas

By Samuel Riding | 01/09/2016

Regulator says bank overcharged on equities, bonds, structured products, options, swaps and funds.

Market Infrastructure

SFC Approves 4 CCPs for OTC Clearing

By Samuel Riding | 01/09/2016

Mandatory clearing covers HKD- or G4 currency-denominated interest rate swaps.

AML / KYC

HKMA to host AML Seminars

By Samuel Riding | 30/08/2016

Managing staff responsible for AML, CTF systems implementation encouraged to attend.

HK Tribunal Finds Short Seller Guilty of Market Misconduct

By Samuel Riding | 29/08/2016

Ruling on research report could add to fears of chilling effect after case against Moody’s.

AML / KYC

Hong Kong Grants 1st Stored Value Licences

By Samuel Riding | 26/08/2016

Five firms issued with licences under Ordinance introduced in November 2015.

Market Infrastructure

SFC Reprimands Morgan Stanley, Issues USD2.4mn Fine

By Samuel Riding | 25/08/2016

US bank’s Hong Kong securities operation says to review internal controls to ensure compliance.