Hong Kong

HKMA Launches New Round of Trade Repository Testing

Two-stage testing of Phase 2 reporting to depository covers interest rate, foreign exchange, equity, credit and commodity derivatives.

HKEX Risks Tech Firms’ Disfavour

HKEX needs to develop regulations and boards to accommodate the entire chain of technology from start-ups to unicorns.

HKMA Collecting UnionPay ATM Withdrawal Data

Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.

A Front Line Out of Control

Conduct and regulatory risks continue to mount as China’s crackdown on corruption puts pressure on private banks and wealth managers.

BIS Releases Policy Papers on Regulatory Proportionality and Cyber-risk

Papers analyses regional divergence in frameworks across Singapore, Hong Kong and Japan.

SFC Flags Irregularities in Private Funds and Discretionary Accounts

Hong Kong securities regulator expresses concerns on the management of private funds and discretionary accounts.

Rolling in the Regulations for Robo-Advisers

A SFC consultation paper proposes guidelines for robo-advisers to provide accurate, easily comprehensible information to investors.

Hong Kong Regulator ups Penalties Against Individuals

Fines against individuals as opposed to corporates were up in Hong Kong, a 63% increase in fines from the year before.

HK Auditing Brokers’ Protection of Client Assets

Moody’s Gives China Banks a Boost, HK Lenders Not So Lucky