financial institutions

By Richard Mazzochi and Minny Siu King & Wood Mallesons’ Hong Kong office.

mazzochi_rsiu_mWhat does the FSDC report recommend?

The Financial Services Development Council (“FSDC”) has just released its review of Hong Kong’s listed structured products market. The FSDC published its report on 18 April 2017. The report sets out the FSDC’s key findings following its comprehensive review of the listed structured products market, particularly in comparison to European markets.

King & Wood Mallesons, represented by Richard Mazzochi and Minny Siu, partners of KWM’s banking and finance department in Hong Kong, advised the FSDC working group on its report. “We are honoured to be invited by the FSDC to work alongside other industry members on this timely initiative by the FSDC. Hong Kong is a leading global structured products market. This review and its recommendations will assist Hong Kong maintain its position as a leading global structured products market and wealth management and investment centre in Asia.” said Richard Mazzochi and Minny Siu.
Continue Reading KWM assists the FSDC on its recent report on “Optimising Hong Kong’s Listed Structured Products Market”

By Neil Carabine, Richard Mazzochi, Urszula McCormack and James Wilkinson King & Wood Mallesons’ Hong Kong Office

Hong Kong’s new competition law is now in effect and applies to all financial institutions in Hong Kong. Numerous financial institutions and payment systems participants have faced penalties by competition authorities overseas for anti-competitive conduct, and

By Mark Schaub  King & Wood Mallesons’ M&A Group

肖马克The CBRC has issued on 20 January 2015 The Notice on the Promotion Guidelines for banking applications of secure and controllable information technology (2014-2015) (“CBRC Guidelines”). The CBRC Guidelines has immediately set off a panic amongst financial institutions operating in PRC and software/hardware/service vendors. The CBRC Guidelines require banks to use “secure and controllable” IT, but many foreign invested financial institutions and vendors are concerned that the guidelines are a large incremental step in an on-going trend aimed at their exclusion from the Chinese market.
Continue Reading Securing China’s Banking IT – CBRC Makes Life Much Tougher for MNC Vendors