Hong Kong’s Securities and Futures Commission has publicly scolded and fined HSBC for regulatory breaches and internal control failings.
Category: Regulation
Study: The `G’ in ESG a strong indicator of outperformance
Companies with a sound corporate governance culture have significantly outperformed their poorly governed competitors since the beginning of 2009, according to fresh research by Hermes Investment Management.
China relaxes RQFII quota rules
The Chinese authorities have eased the quota system and the rules for repatriation of capital for overseas institutions investing in onshore assets.
Hong Kong regulator bans two ex-HSBC advisers for life
Hong Kong’s Securities and Futures Commission (SFC) has banned two former HSBC employees from re-entering the financial services industry for life after they were convicted of fraud.
Hong Kong fintech sandbox exclusively for banks
Hong Kong pushed ahead of Singapore to launch the fintech supervisory sandbox, which allows banks to experiment with fintech solutions without full compliance.
More protection to be offered to wealthy Singapore investors
Wealthy investors in Singapore may soon be able to choose to be covered by the same protections as retail investors under proposals from the Monetary Authority of Singapore (Mas).
Hong Kong regulator fines BNP Paribas HK$4m for overcharging
The Securities and Futures Commission (SFC) has fined BNP Paribas Wealth Management HK$4m ($515,664) for overcharging its clients.
China Post fund manager jailed for insider trading
A former fund manager at China Post & Capital Fund Management was jailed for 3.5 years and fined RMB 17m ($2.55m) for trading undisclosed information, China Securities Regulatory Commission said.
Singapore opens fintech hub while curbing internet
MAS opens a fintech innovation lab as authorities aim to cut off web access for public servants.
Campaign group calls for Fatca exemption for US expats
American Citizens Abroad (ACA), a campaign group for US citizens living overseas, has called on the US Treasury Department to amend Fatca regulations which would allow US expats to hold bank accounts exempt from the stringent reporting standards.
