Hong Kong

Structural Regulation

HK Regulators to Brief on OTC Derivatives Reporting

By Samuel Riding | 29/11/2016

Sessions aim to brief firms on their obligations before 1 July 2017 implementation.

Structural Regulation

HK Regulator to Tighten Asset Manager Rules

By Samuel Riding | 24/11/2016

Proposals aim to align HK with international standards; protect investors and market integrity.

Resolution & Recovery

HK Launches Resolution Consultation

By Samuel Riding | 23/11/2016

Rules aim to impose ‘suitably tailored constraints’ on resolution authorities.

Fraud, Scams & Cybercrime

HKMA Eases Internet Banking Rules

By Samuel Riding | 21/11/2016

Increased transaction limit comes with warning on controls and customer education.

Anti-Bribery & Corruption

JPMorgan Paying $264mn to Settle ‘Princelings’ Case

By Samuel Riding | 18/11/2016

US SEC says hiring of interns and other staff in Asia breached corruption act.

Market Abuse

HK SFC Bans Ex-Deutsche Securities Trader

By Samuel Riding | 18/11/2016

Ban follows Korean order to repay $36.95mn of illegal profit from stock index trades.

Cybersecurity

Cyber Security – Lessons from Hong Kong

By Samuel Riding | 16/11/2016

HKMA sets a baseline for cyber-resilience but more harmonisation is needed.

PEPs & Sanctions

HKMA Repeats N.Korea, Iran Warnings

By Samuel Riding | 16/11/2016

FATF plenary has said N.Korea is failing to address illicit funding, proliferation.

Anti-Money Laundering

Beware Blockchain – HKMA

By Samuel Riding | 14/11/2016

Digital platforms seen as potential channel for illicit financing; could compromise data security.