The amendments to the three core regulations relating to the administration of the FF Banks set out a great business environment for FF Banks to corporate and compete with the DF Banks and will, as a result, promote the stable development of the financial market.
Continue Reading Opening-up Policies in the Banking Industry Widely Implemented
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The UK’s new Senior Managers Regime – how does it affect Hong Kong banks?
By King & Wood Mallesons on
Posted in Global Network
By Adrian Brown, David Calligan, Tim Dolan, Tamasin Little King & Wood Mallesons’ London Office
The Senior Managers and Certification Regime (the “SM&CR”) is the tough new regulatory framework for individuals working in the banking sector, under which the UK regulators seek to increase individual accountability. The SM&CR will apply to UK-based subsidiaries…