Additional measures to alleviate the
impact of Covid-19
HKMA News, 25 May
2020
The Basel Committee on
Banking Supervision (BCBS) issued additional guidance to alleviate the impact
of Covid-19 on the global banking system on 3 April 2020. HKMA set out below
the application of this guidance in the context of Hong Kong.
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Updates on Guide to
Authorization
HKMA News, 25 May
2020
Chapter 4 is updated on
25 May 2020. This Chapter reproduces the contents of the latest version of the Guideline
but may also incorporate updated information such as changes in certain
regulatory guidelines that may not yet have been included in the Guideline.
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Private Equity Firm
Ares Management LLC Charged With Compliance Failures
US SEC News, 26
May 2020
The Securities and
Exchange Commission today announced that Ares Management LLC, a Los
Angeles-based private equity firm and registered investment adviser, has agreed
to pay one million dollars to settle charges that it failed to implement and
enforce policies and procedures reasonably designed to prevent the misuse of
material nonpublic information.
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New IPO system
to transform securities sector
ChinaDaily, 26
May 2020
Securities firms will benefit directly from
the registration-based IPO system. They will see their investment bank income
largely increased in the near future
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HKEX signs
licence deal with MSCI to launch Asia, EM futures and options contracts
Straits Times, 27
May 2020
Hong Kong Exchanges and Clearing Ltd said on
Wednesday (May 27) it will launch Asia and Emerging Markets futures and options
contracts under a licence deal with global index publisher MSCI, as the bourse
operator expands its product base.
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