Region: Hong Kong

Gibson Dunn launches financial regulatory practice

Gibson Dunn & Crutcher has established a new dedicated global financial regulatory practice, headed by partners in London, Hong Kong, and Washington, DC.

09 August 2021

Hong Kong to drop local incorporation requirement for VASP licensees

Following industry pushback, Hong Kong’s government has proposed a compromise on plans to require a “local anchorage” for virtual asset service providers seeking a licence in the territory, as part of an update to its anti-money laundering framework.

24 May 2021

Singapore consults on corporate governance

Singapore’s regulatory authority is consulting on revised corporate governance guidelines for financial institutions, as regulators in Malaysia, Hong Kong and Japan emphasise sustainability and diversity in their own recent corporate governance overhauls.

12 May 2021

Gibson Dunn recruits HSF Asia practice head in Hong Kong

The head of Herbert Smith Freehills' financial services regulatory practice in Asia has crossed over to Gibson Dunn & Crutcher, bringing three associates with him.

30 April 2021

Hong Kong proposes to stamp out “undesirable” capital markets conduct

Hong Kong’s securities regulator has proposed a detailed code of conduct for capital markets transactions in an effort to stamp out “undesirable” behaviour from intermediaries.

10 February 2021

Hong Kong regulator seeks to remedy “deteriorating” merger advice

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 proposes client ID requirements

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 promotes in Frankfurt; Davis Polk in New York and Hong Kong

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

07 December 2020

Goldman Sachs to address risk management after US$2.9 billion 1MDB settlement

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

Banks must report security law violations, Hong Kong regulator says

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

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