The Securities and Futures Commission last week released a consultation paper to collect views over the next three months on a range of proposals to increase regulatory requirements covering the sale of complex and risky investment products to "professional" investors, who are defined as experienced investors with portfolios valued at more than HK$8 million.Thursday, 23 May, 2013, 4:39am
Under the proposals released yesterday for a three-month consultation, banks and brokers would be required to carry out suitability tests to assess if certain complex products are too risky for these clients.16 May 2013 - 4:03am
Job vacancies at financial services companies in London jumped 25 per cent in the first quarter of this year as firms bolstered their compliance and risk-management divisions in order to placate regulators, a new survey shows.12 Apr 2013 - 6:13am
ICBC, the world's largest bank by market value and assets, plans to slow down asset expansion this year and tolerate a higher bad-loan ratio, underscoring the pressure from stricter capital rules and the anticipation of an economic slowdown.28 Mar 2013 - 5:52am
Renewed market jitters after the decision to rescue Cyprus have prompted some of the world's top fund houses to cut their risk profile to minimise losses in volatile global equity markets.28 Mar 2013 - 5:25am
Shanghai's banking regulator has told lenders to set up telephone hotlines for complaints about staff misconduct in selling wealth management products.
The move is seen as a gesture towards protecting consumer rights after a slew of irregularities in the banking sector.25 Jan 2013 - 4:56am
Hong Kong should be more involved in the safety and risk management of the nuclear reactors in its vicinity, a group of nuclear specialists has urged.9 Jan 2013 - 5:17am 1 comment
Isn't corporate governance just legal mumbo-jumbo?
"Corporate governance" can sound remote from reality - consultancy-speak that is designed to confuse and frustrate.9 Jan 2013 - 4:08am
The central bank says it will focus on controlling risks in the financial system and seek "stable and appropriate" growth in aggregate financing - a measure of funding that includes loans, stock and bond sales.30 Dec 2012 - 5:24am
Many of us have bought life insurance, but what about buying shares in life insurance companies?
The industry is a black hole to investors who struggle to see how such companies create value and make money.3 Dec 2012 - 4:26am