Hong Kong

Fintech / Regtech

Hong Kong Monetary Authority Sends Fintech Delegation to London

By Editors | 21/09/2017

Central bank and apex regulator says delegation is the largest it has ever put together, will meet London start-ups and accelerator programmes.

Securities / Derivatives

HK SFC Inquiries Reveal Fund Managers’ Best Execution Failings

By Samuel Riding | 18/09/2017

Investigations of about 250 firms including subsidiaries of US and EU players also find weaknesses in avoiding conflicts of interest and liquidity management.

AML / KYC

Hong Kong’s Changing AML Landscape

By Kane Mak | 13/09/2017

AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.

Crypto / Digital Assets

Hong Kong Joins Singapore, US in Labelling Some ICOs as Securities

By Samuel Riding | 06/09/2017

SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.

AML / KYC

HK SFC, Police Join Forces to Combat Financial Crime

By Samuel Riding | 29/08/2017

Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.

Fintech / Regtech

HKMA Launches New Round of Trade Repository Testing

By Editors | 28/08/2017

Two-stage testing of Phase 2 reporting to depository covers interest rate, foreign exchange, equity, credit and commodity derivatives.

HKEX Risks Tech Firms’ Disfavour

By Peter Guy | 28/08/2017

HKEX needs to develop regulations and boards to accommodate the entire chain of technology from start-ups to unicorns.

AML / KYC

HKMA Collecting UnionPay ATM Withdrawal Data

By Garima Chitkara | 10/08/2017

Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.

AML / KYC

A Front Line Out of Control

By Peter Guy | 07/08/2017

Conduct and regulatory risks continue to mount as China’s crackdown on corruption puts pressure on private banks and wealth managers.