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The Hong Kong Securities and Futures Commission (SFC) has released its long awaited FAQs regarding its 31 October 2019 circular on the use of external electronic data storage providers(EDSP Circular). While there are some aspects of the FAQs which we anticipate will create practical challenges and will require some careful analysis to implement, we generally consider the FAQs to be a significant step forward and to provide much needed flexibility for the industry. Read more
Welcome to the November 2020 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. Read more
We are excited to launch the 2020 edition of our Global Bank Review, #disruption.
While the banks sector has faced significant challenges before, the depth and breadth of Covid-19’s disruption has left banks in the position of having to brace for impact to their own businesses, whilst simultaneously demonstrating a change in culture, providing support to vulnerable customers, and supplying vital credit for regrowing our economies. Read more
Our global Fintech team looks ahead to what 2021 holds for the sector, including fundraising, partnerships, M&A, and regulatory developments. Read more
On 18 September 2020, the Securities and Futures Commission (SFC) commenced a three month consultation on a wide range of proposed changes to its Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations) (Guideline) and the Prevention of Money Laundering and Terrorist Financing Guideline issued by the SFC for Associated Entities (AE Guideline). Read more
The Monetary Authority of Singapore (MAS), the Singapore Exchange Regulation (SGX RegCo), and the Stock Exchange of Hong Kong Limited (SEHK) have all published consultation papers reaffirming the regulators’ continued focus on culture and conduct, and keeping ‘bad apples’ out of financial institutions (FI) and public companies.Read more
Welcome to the August 2020 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Read more
The Hong Kong Monetary Authority (HKMA) recently launched a consultation on proposals to enhance the regulation and supervision of trust business in the Hong Kong banking sector. Responses are required to be submitted by 9 October 2020. Read more
The Hong Kong Monetary Authority (HKMA) has issued a circular to announce the key milestones that authorised institutions (AIs) should endeavour to achieve in the transition from LIBOR to alternative reference rates (ARRs). Read more
