HONG KONG

Hong Kong AML Breaches Surge

By Samuel Riding | 08/12/2015

SFC uncovers 81 anti-money laundering breaches in third quarter of 2015.

SFC Launches ATS Consultation

By Samuel Riding | 23/11/2015

Hong Kong regulator’s consultation focuses on applying automated trading regulation to OTC derivatives.

Hong Kong Launches Stored Value, Retail Payment Regime

By Samuel Riding | 16/11/2015

Existing issuers and new market operators of store-value facilities have one year to apply for HKMA license.

HKMA Reminds Institutions of FATF Warnings

By Samuel Riding | 10/11/2015

Letter to Hong Kong institutions reiterates need for AML/CFT countermeasures, scrutiny on Iran, North Korea and Myanmar.

HSBC Shifts Derivatives Trades to Hong Kong as HQ Decision Looms

By Samuel Riding | 29/10/2015

Sources suggest move is to take advantage of favourable funding and regulatory environment as changes in the US and Europe lift costs.

Revised Capital Rules for Hong Kong Banks Gazetted

By Editors | 26/10/2015

Amendments align certain aspects of the Banking (Capital) Rules more closely with the relevant Basel III standards.

Seven Banks Named in Hong Kong Data Breach

By Editors | 16/10/2015

The Hong Kong Monetary Authority has named seven banks that breached data rules requiring them not to store unsecured cardholders’ names on contactless chips.

Hong Kong, China to Strengthen Information Exchange

By Editors | 15/10/2015

Hong Kong’s Securities and Futures Commission is looking to strengthen information sharing and cooperation with the China Securities Regulatory Commission to guard against market misconduct.

Hong Kong to Introduce New Commodities Contracts

By Editors | 14/10/2015

Hong Kong Exchanges and Clearing plans to introduce London Nickel Mini Futures, London Tin Mini Futures and London Lead Mini Futures contracts.