SFC
HSBC Private Bank appeals record Hong Kong fine
In a misconduct case more than a decade old, HSBC Private Bank is appealing against a record HK$605m regulatory fine (£53.7m, $77.9m, €67.8m) and the possible revocation of its license to advise on securities.
People Moves | 24 Mar 16
PEOPLE MOVES: HBSC, SFC, Manulife HK, Alexander Beard
Former Standard Life head David Nish joins HSBC’s board of directors, while Hong Kong’s SFC appoints new director of enforcement. Manulife Hong Kong’s hires former Axa executive to head up its IT operations.
Hong Kong’s regulator sets up link with fintech firms
The Securities and Futures Commission has established a fintech contact point and set up an advisory group as fintech momentum builds.
People Moves | 1 Mar 16
PEOPLE MOVES: Hong Kong SFC, BNP Paribas IP, Credit Suisse…
Hong Kong’s securities regulator has announced a leadership change at its intermediaries division. BNP Paribas Investment Partners names a new head of emerging market fixed income, while Credit Suisse’s global head of macro products is rumoured to be departing.
Hong Kong to allow high risk ETFs under tight controls
Hong Kong’s main securities regulator has announced plans to allow a limited range of leveraged and inverse products, which are effectively higher risk exchange traded funds (ETFs), to be sold to the public.