Hong Kong
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695BIS Survey Reveals Rising Significance of Asian FX Hubs
Manesh Samtani, Regulation Asia September 19, 2019Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.
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817HKMA Signs Operational Agreement for BIS Innovation Hub
Editors, Regulation Asia September 18, 2019The Hub will foster collaboration between central banks and scale up the application of innovative technologies globally, says the HKMA’s Norman Chan.
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183Hong Kong Virtual Banks Likely to Delay Launch – Report
Editors, Regulation Asia September 18, 2019Hong Kong virtual banks are reportedly delaying plans to start promotional campaigns partly in response to city-wide protests, among other reasons.
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244Moody’s Becomes Second Agency to Downgrade Hong Kong Outlook
Editors, Regulation Asia September 17, 2019Moody’s says the downgrade of Hong Kong’s outlook to negative is the result of a shift in its equilibrium with China, in addition to the ongoing protests in the city.
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663HKEX Merger a ‘Significant Backward Step’, Says LSEG
Manesh Samtani, Regulation Asia September 14, 2019The London Stock Exchange Group sees no merit in further engagement because of fundamental flaws in HKEX’s offer.
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286
HKEX Seeks ‘Unprecedented’ Market Connectivity Via LSEG Merger
Manesh Samtani, Regulation Asia September 11, 2019HKEX chief Charles Li says the merger would create the most important investment platform and risk management infrastructure for the free flow of global capital between the East and West.
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520SFC Fines HSBC HK$2.1m for Phone Recording Failures
Editors, Regulation Asia September 11, 2019Voice recording was inadvertently not enabled on some private banking service lines, resulting in over 5,800 client order instructions not being tape-recorded.
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848Malaysia Association Joins APAC RegTech Network
Editors, Regulation Asia September 10, 2019The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.
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598SFC Asks Licensed Firms to Bolster AML/CTF Compliance
Editors, Regulation Asia September 9, 2019Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
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625HKEX Recovers from Derivatives Market Outage
Editors, Regulation Asia September 6, 2019Derivatives trading was suspended on Thursday due to software issues in HKEX’s vendor supplied trading system, which "have now been isolated".
