Tag Archives: Banking

From offline to online: upholding investor protection in sale of complex products

As investment services go digital, Hong Kong regulators have found it necessary to issue tailored guidance to protect investors. From 6 April and 23 August 2019 respectively, new guidelines from the Securities and Futures Commission (SFC) and the Hong Kong … Continue reading

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Filed under Announcements, Hong Kong, Investment banking, Investment Funds, Non-UK regulation, Sector Updates by Herbert Smith Freehills

Spotlight on investor protection: The Hong Kong Financial Dispute Resolution Centre implements a more moderate package of reforms

The Financial Dispute Resolution Centre (FDRC) in Hong Kong has issued its conclusions to its consultation on proposals to significantly expand the jurisdiction of the Financial Dispute Resolution Scheme (FDRS), its alternative dispute resolution scheme for conflicts between financial institutions … Continue reading

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Filed under Hong Kong, Regulatory Reform

Financial Services (Banking Reform) Bill laid before Parliament: Regulator to be given power to enforce full separation

The Financial Services (Banking Reform) Bill¬†(the Bill) was introduced to Parliament on 4 February 2013.¬† On the same day, the Government published its response to the report which the Parliamentary Commission on Banking Standards (PCBS) published at the end of … Continue reading

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Filed under Bank of England, Banking, HM Treasury, Regulatory Reform, Retail Banks, UK, UK Legislation