Rather than comply with new rules on beneficial owner registration and due diligence, many trusts are likely to simply leave Hong Kong for less onerous jurisdictions.
Guidance on sell-side research could disappoint investment bankers who expected a strong year for new listings.
4th AMLD to prove a headache for Asian institutions which already share clients and data with EU-based subsidiaries, potentially influencing Asia-based parent institutions themselves.
Hong Kong SFC's recent report on licensed corporations attitudes towards best execution practices shows there is much to be desired.
Firms adopting blockchain technology could struggle to comply with the EU's incoming GDPR rules.
Increased regulation in an effort to rein in personal borrowing could foster an attitude of ‘bare minimum compliance’ among banks, leading to future systemic risk.
US regulator cited concerns around valuation and liquidity, among other issues; but comments made in rejection letter open path to eventual approval.