Deputy chief of Monetary Authority also says banks cannot use ‘predatory tactics’ when competing for market share.
New rules will bring Hong Kong bank regulatory regime in line with international standards.
Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.
Licensed corporations should ensure client suitability when recommending fixed-income and structured products, particularly for complex and risky products.
Charles Li says HKEX to expand Shenzhen and Shanghai Stock Connect to include ETFs, but proposed Hong Kong-London equivalent on the backburner.
Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.
Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.
New guidance removes threat of criminal prosecution in cases of “non-serious” regulatory breaches and cooperation 'above and beyond' regulatory obligations.
Circular sent to firms following a feedback report issued by the Joint Financial Intelligence Unit.
Central bank chief expresses concern about growing gaps between credit and GDP, property prices and rents.