HONG KONG

AML / KYC

HKMA Issues Operational Incidents Watch

By Samuel Riding | 13/01/2017

Regulator flags errors in OTC derivatives transactions, credit card applications.

Capital / Liquidity

US Regulator Fines HSBC $33mn

By Samuel Riding | 11/01/2017

Office of the Comptroller says bank failed to fix deficiencies in time.

AML / KYC

SFC Bans Ex-Citibank Staff for Tampering with Client Signature

By Samuel Riding | 06/01/2017

Regulator says former employee attempted to deceive bank on client application.

HK SFC Reprimands, Fines MIS Services $0.4mn

By Samuel Riding | 04/01/2017

MIS Services, formerly Standard Chartered Investment Services, said non-compliant with MPF Code and Code of Conduct.

Capital / Liquidity

HK Unauthorised Mortgage Alert System Goes Live

By Samuel Riding | 04/01/2017

Land Registry will alert banks when documents are registered.

Market Infrastructure

HK SFC Bans Ex HSBC Broker

By Samuel Riding | 03/01/2017

Investigation finds Lam Yuk Wai performed unauthorised transactions and deceived clients.

Securities / Derivatives

HKEX to Introduce Derivatives VCM on 16 January

By Samuel Riding | 03/01/2017

Volatility control mechanism was originally to be introduced on 14 November 2017.

Capital / Liquidity

HK Gov’t Gazettes New Disclosure Requirements

By Samuel Riding | 03/01/2017

Amendments also introduce some exemptions from existing requirements.

AML / KYC

HK SFC Clarifies Product Suitability Requirements

By Samuel Riding | 28/12/2016

Advertisements, research reports may not trigger obligations if no direct communication with client.