FSR and Corporate Crime Notes

Royal Commission into the financial services industry in Australia: lessons for the UK?

SFC, CSRC and MOF sign tripartite MOU on access to audit working papers kept in Mainland China

Last week, the Hong Kong Securities and Futures Commission (SFC) signed a tripartite memorandum of understanding (MOU) with the China Securities …

Corporate Crime update – Spring 2019

The month ahead in financial services regulatory developments…

HKMA reminds registered institutions of their Internal Investigation Disclosure Obligation

Client facilitation – Key standards of conduct and internal controls identified and reiterated by Hong Kong SFC

Authors: William Hallatt, Hannah Cassidy and Jennifer Fong On 14 May 2019, the Securities and Futures Commission (SFC) issued further guidance …

Disclosure of internal investigations – the Hong Kong SFC’s FAQs fail to relieve industry concerns

The Hong Kong Securities and Futures Commission (SFC) has released frequently-asked questions (FAQs) to clarify its Internal Investigation Disclosure …

The month ahead in financial services regulatory developments...

Updated DOJ Guidance Steers Effective Compliance and Remediation Programmes

Key themes from the FCA's Approach to Enforcement

Authors: Benedicte Perowne and Kimberly Everitt On 24 April 2019 the FCA published its final "Approach to Enforcement" document, following a consultation …

Report into supervision of the Co-operative Bank: lessons not just for regulators but also for firms

Authors: Jenny Stainsby, Vicky Man and Cat Dankos While there have been other reviews1 into the near failure of the Co-operative Bank ("Co-op Bank"), on …

HKMA and SFC issue joint circular following co-ordinated inspections which reveal risky financial arrangements and deficient lending practices

Authors: William Hallatt, Hannah Cassidy and Valerie Tao On 24 April 2019, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures …