Regulatory & Compliance

The risk-based approach to anti-money laundering and know-your-customer compliance is not without its problems, especially in the context of client onboarding and transaction monitoring, a senior...
March 2017
The Hong Kong Monetary Authority ("HKMA") will set up a resolution office on 1 April, as part of the regulator's plan to ensure the Hong Kong resolution regime is...
March 2017
Hong Kong's Securities and Futures Commission ("SFC") has announced that it will implement proposed changes to the position limit regime in the territory, following a consultation on the matter...
March 2017
As new and old Presidents move in and out of a “White House” and a “Blue House” respectively, to the tune of the song “My Way”, the Securities and Futures Commission in Hong Kong is doing things its...
March 2017
Asian banks are far from ready for implementation of the International Financial Reporting Standard 9 ("IFRS9") unless local banking regulators are able to ascertain how impairment will be treated...
March 2017
Hong Kong’s forthcoming “manager-in-charge” regime will likely increase the risk of the Securities and Futures Commission (“SFC”) taking enforcement action against senior managers, given the personal...
February 2017
The late disclosure of price-sensitive information to the market is not impacted by whether or not trading in the shares of a listed company is suspended, Hong Kong's Market Misconduct...
February 2017
China's three largest bitcoin exchanges said on Thursday, 9 October, they will strengthen oversight of customers' identities and sources of funds, in the latest shift since the Chinese central bank...
February 2017
This will be a positive year for the Asia-Pacific region as it is set to benefit from the political and regulatory uncertainty in the UK, Europe and the Americas. International firms will be...
February 2017
The final version of the standardised measurement approach ("SMA") for calculating operational risk capital, expected to be released next month by the Basel Committee on Banking Supervision, may not...
February 2017
The world's $544 trillion derivatives market warned on Tuesday, 7 February, of potential market disruption unless national regulators grant a six-month phase-in for a new rule requiring trades to be...
February 2017
In recent years, numerous dual-listed Hong Kong companies have decided to delist from their secondary listing markets. The main reasons for their decision to delist are (1) to enhance liquidity by...
February 2017
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Lenders have struggled...
February 2017
Hong Kong's securities regulator said brokers in the city had suffered cyber attacks and warned of possible further incidents across the industry. Regulators in Hong Kong have...
January 2017
Over-the-counter derivatives markets in Asia will see a number of significant rule implementations this year as the scope of mandatory clearing and reporting continues to expand. Geopolitical...
January 2017
A recent leaked Basel Committee on Banking Supervision document on the proposed capital floor rules for calculating risk-weighted assets using internal risk-based ("IRB") models shows...
January 2017
China Merchants Bank ("CMB") will next week sharply tighten eligibility rules for mainlanders to open accounts at its Hong Kong branches, the latest move by Chinese lenders to curb...
January 2017
Hong Kong's securities regulator has filed a suit against Standard Chartered Plc, UBS Group AG and four other parties over the 2009 IPO of timber company China Forestry Holdings Co Ltd ,...
January 2017
Hong Kong's planned "Manager-In-Charge" regime, due to take effect later this year, will be a good opportunity for firms to evaluate whether their organisational structures and reporting lines...
January 2017
The Hong Kong Monetary Authority ("HKMA") has published plans for a revised securitisation structure, implementing changes made by the Basel Committee on Banking Supervision to its...
January 2017