• Sun
  • Dec 21, 2014
  • Updated: 12:16am

Risk Management

Brokers fear burden of new investor rules

The Securities and Futures Commission is collecting views on proposals to increase regulatory requirements covering the sale of complex and risky investment products to 'professional' investors.

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

SFC reforms aim to boost safeguards for investors

 Ashley Alder. Photo: Sam Tsang

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

'Help wanted' as London's banks tighten compliance

Candidates for jobs in corporate governance are on the salary escalator amid a recent flurry of hiring activity. Photo: Bloomberg

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

'Too big' ICBC announces slowdown in growth

ICBC, the world's biggest lender by market value, said yesterday that 2012 earnings rose 14.5pc, beating analyst estimates. Photo: Reuters

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

Cyprus bailout prompts fund managers to cut equity exposure

Cypriots take to the streets to protest the terms of the rescue package imposed by the European Union, the European Central Bank and the International Monetary Fund. The Cyprus bailout has sent shockwaves through global markets and fund managers are taking a more cautious stance. Photo: Xinhua

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

Scandals set off watchdog warnings

A former deputy head of a Shanghai Pudong Development Bank branch in Zhengzhou allegedly used 6.4 billion yuan in depositors' money to fund loan-sharking schemes. Photo: Bloomberg

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 deserves role in nuclear reactor risk management, experts say

The Daya Bay nuclear power station. Photo: Cheung Chi-fai

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

Directors beware as regulator seeks to stem misconduct

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

China's central bank to focus on controlling risks in financial system

The People's Bank of China also said it would stick to a prudent monetary policy next year. Photo: Xinhua

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

Stock Watch: life insurance

Upwardly mobile: markets think AIA is worth about 46 times the value of a year of new business. Photo: Bloomberg

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

Building up a profile of a fraudster

Some of you may remember the sci-fi movie Minority Report, starring Tom Cruise as a police officer in the year 2054 who apprehends criminals based on foreknowledge provided by psychics - that is, he arrests potential criminals before they have committed a crime. This may be wishful thinking. Or is it?

15 Oct 2012 - 1:53am

China must help elderly stay in financial health

As China's population ages, finding ways to meet the needs of the increasing numbers of the elderly is becoming its greatest challenge. The usual measures would be to use fiscal and financial instruments. But in a country where the state financial system cannot adequately meet demands, more innovative financial services and products will be needed as a supplement.

22 Sep 2012 - 3:12am

Skills training to bank the job

Banking professionals are in an industry that requires constant upgrades to their skills to meet the demands in the financial market.

24 Sep 2011 - 12:00am

60pc willing to pay more tax for better social welfare

About 60 per cent of Hongkongers are willing to pay more taxes to improve social welfare, compared with 40 per cent in Taiwan, a survey shows.

The findings, released yesterday, show 70 per cent of the city's respondents back the introduction of unemployment insurance as a 'social risk management' measure, while 64 per cent agree temporary cash subsidies should be provided.

27 Aug 2009 - 12:00am

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