Hong Kong

Market Infrastructure

HK SFC Warns on ‘Phantom’ Brokerages

By Samuel Riding | 08/05/2017

Executive director for intermediaries says regulator will sanction or ban dormant firms.

Capital / Liquidity

HKMA Issues Annual Report

By Samuel Riding | 04/05/2017

Complaints against AIs up 9%, 1,729 cases completed; central bank warns on liquidity risk.

Securities / Derivatives

Trades with Vietnam, Pakistan, Taiwan to be Exempt from HK OTC Reporting Requirements

By Samuel Riding | 28/04/2017

Securities law won’t be amended until October; firms asked to contact regulators if they cannot meet 1 July deadline.

AML / KYC

HKMA Eyeing KYC Utility

By Samuel Riding | 27/04/2017

Deputy chief executive acknowledges heightened due diligence on account opening has harmed Hong Kong’s reputation.

Market Infrastructure

HK Regulator to Ask Brokers to Upgrade Cybersecurity

By Samuel Riding | 20/04/2017

Development follows on from January warning on DDOS hacks and blackmail.

Capital / Liquidity

HKMA Planning Problem Assets Consultation

By Samuel Riding | 17/04/2017

Regulator to consider BCBS guidelines, introduce ‘relevant policy proposals’.

Fintech / Regtech

Hong Kong Pitches for Regtech Leadership

By JP Reimann | 13/04/2017

Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.

AML / KYC

HKMA Ticks off, Fines Coutts for AML Failings

By Samuel Riding | 12/04/2017

Firm said to have inadequate PEP identification procedures for more than three years.

HK Counts Down to MiC Regime

By Samuel Riding | 06/04/2017

SFC publishes revised reporting forms for licensed corporations just over two weeks from start of new regime.