In a misconduct case more than a decade old, HSBC Private Bank has launched an appeal against a record HK$605m regulatory fine ($78m) and the possible revocation of its license to advise on securities.
Category: Regulation
Chinese AM industry cleanup underway
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission and the Asset Management Industry Association of China.
Offshore bonds issuance relaxed
China’s central bank has relaxed the rules for mainland corporates to issue offshore bonds, according to the People’s Bank of China.
MAS penalizes asset manager
The Monetary Authority of Singapore has taken enforcement action against Pu Weidong and Triumpus Assets Management for insider trading.
Moody’s appeals HK ruling
The ratings agency has appealed the decision to fine and reprimand it for a critical analysis of Chinese companies.
SFC bans HSBC’s Chow for life
Hong Kong’s Securities and Futures Commission has banned Andrew Chow Ho-cheung from re-entering the industry for life after he was convicted for fraud and theft.
Hong Kong ruling may curtail critical analysis
Hong Kong’s recent ruling on Moody’s Ratings for a research report will have a chilling effect on further critical research, argues activist David Webb.
Moody’s `red flag’ report appeal overruled
Hong Kong’s Securities and Futures Appeals Tribunal (SFAT) has affirmed the SFC’s findings on the Moody’s China “red flags” report.
Singapore to set up fintech office
The Monetary Authority of Singapore is in a push to develop a financial technology industry, following Hong Kong’s move last month.
US tax authorities demand Singapore bank records
The IRS wants Singapore to waive its bank secrecy laws and push UBS into releasing financial information of a US citizen.
