FSR and Corporate Crime Notes

Corporate Crime update - Spring 2020

Hong Kong Monetary Authority proposes mandatory reference checking scheme to address “rolling bad apples” phenomenon

On 8 May 2020, the Hong Kong Monetary Authority (HKMA) commenced a three-month industry consultation on a proposed framework for a mandatory reference …

Sustainable finance in Hong Kong: Establishment of cross-agency steering group and upcoming developments

On 5 May 2020, five financial regulators and two government bureaux published a joint statement to announce the establishment of the Green and …

The month ahead in financial services regulatory developments…

Malaysia: Section 17A of the MACC Act: TRUST-ed Adequate Procedures for your corporation

As discussed in our previous bulletin, Malaysia is anticipating the new corporate liability provision, i.e. Section 17A of the Malaysian Anti-Corruption …

COVID-19 Governance: SFC extends deadline for data storage compliance (Hong Kong)

The Hong Kong Securities and Futures Commission (SFC) has extended its deadline for licensed corporations to confirm compliance with its new data storage …

HKMA publishes supervisory expectations and sound practices relating to algo trading following thematic examinations

On 6 March 2020, the HKMA issued a circular setting out its expectations on risk management for algorithmic (algo) trading, as well as sound practices …

Corporate Crime update - Winter 2020

The month ahead in financial services regulatory developments…

The month ahead in financial services regulatory developments…

Hong Kong data protection reform: what you need to know

On 20 January 2020, the Constitutional and Mainland Affairs Bureau (CMAB) together with the Privacy Commissioner for Personal Data (Privacy …

HKMA shares initial observations from banks’ self-assessment on culture

The Hong Kong Monetary Authority (HKMA)’s executive director for banking conduct, Mr Alan Au, recently delivered a speech on bank culture at the 1LoD …