Region: Hong Kong

Hong Kong’s securities watchdog has said it will raise the requirements for individuals advising on mergers and takeovers, after a rise in “unsatisfactory” work in recent years.

14 December 2020

Hong Kong banks should submit names of their clients dealing in securities to a central repository, under proposals unveiled by the city’s securities regulator.

11 December 2020

White & Case and Davis Polk & Wardwell have both named new counsel practising in banking regulation.

07 December 2020

Goldman Sachs has been ordered to improve its risk management and oversight procedures after settling with 10 regulators in five jurisdictions over an alleged multibillion-dollar bribery and embezzlement scheme with respect to Malaysian fund 1MDB.

29 October 2020

The Hong Kong Monetary Authority has told banks they should report violations of the territory’s controversial National Security Law as they would anti-money laundering/counter-financing of terrorism violations.

22 October 2020

Reports released from the Financial Action Task Force and Hong Kong’s securities regulator have pointed to money laundering and terrorism financing “red flags” arising from the use of crypto asset exchanges.

28 September 2020

Artificial intelligence and machine learning have rapidly grown in importance during the covid-19 pandemic, say speakers at a recent Bank of England webinar – but a report issued the same day by a group of Hong Kong regulators said new types of risk arising from the use of the technologies may require new types of macroprudential regulation.

24 August 2020

Hong Kong regulators are being urged to produce a roadmap for their sustainable finance measures – as the Bank of England urges banks not to wait for climate disclosure to be made mandatory before submitting regular reports.

16 July 2020

Hong Kong’s Securities and Futures Commission has fined the local branch of Chinese investment bank Guotai Junan Securities for its handling of third party fund transfers, anti-money laundering breaches and wash trades.

26 June 2020

Hong Kong’s securities watchdog has criticised Chinese investment bank CICC for failing to disclose information related to two transactions, with the bank introducing new compliance and reporting measures in response.

19 June 2020