Trond Vagen

North Asia editor for Thomson Reuters Regulatory Intelligence. He is based in Hong Kong.

Hong Kong's Financial Dispute Resolution Centre ("FDRC") has proposed to raise the level of money an investor can claim under the scheme sixfold, as well as extending the limitation period for...
7 October 2016
Hong Kong's Securities and Futures Commission ("SFC") has warned introducing and execution brokers to stay on top of their licensing, conduct and anti-money laundering ("AML") requirements, after...
6 October 2016
With most major markets in Asia-Pacific set to introduce the International Financial Reporting Standard ("IFRS") 9 by 2018, regional banks' earnings and regulatory capital ratios could face increased...
5 October 2016
The Hong Kong Monetary Authority ("HKMA") has issued a new guideline on its approach to taking disciplinary action against breaches of the territory's over-the-counter ("OTC...
4 October 2016
With less than half a year to go until HongKong introduces short position reporting requirements for all listed securities, the territory's securities regulator has urged firms to ensure...
4 October 2016
Regulators are limited in how far they can accommodate FinTech innovations by the legislation they operate under, said Philippa Allen, chief executive of consultancy ComplianceAsia. FinTech...
30 September 2016
Following the Hong Kong banking regulator's message to the industry earlier this month to take a step back from over-zealous de-risking activities, banks must adopt a nuanced approach that...
27 September 2016
Hong Kong's securities regulator has banned two former HSBC employees for life, after they were handed down criminal fraud convictions in the District Court in February this year. The Securities and...
8 September 2016
Hong Kong's banking regulator will establish a "supervisory sandbox" for financial technology, following similar moves by other Asian financial centres, said Norman Chan, chief executive of the Hong...
7 September 2016
Small- and medium-sized enterprises ("SMEs") in Hong Kong may find it easier to open new bank accounts going forward, with the Hong Kong Monetary Authority ("HKMA") set to release a...
7 September 2016
Hong Kong's Securities and Futures Commission ("SFC") on Wednesday, 31 August designated three foreign and one local body to act as central counterparties ("CCPs") for the clearing of over-the-...
2 September 2016
Hong Kong Exchanges and Clearing ("HKEx") has launched a circuit breaker for the Stock Exchange of Hong Kong, in a bid to prevent market disruption caused by extreme share price swings due to...
22 August 2016
Breaches of the code of conduct and internal control deficiencies stood out as the most common breaches noted during inspections of firms licensed by the Securities and Futures Commission ("SFC")...
17 August 2016
A decision by Hong Kong's Market Misconduct Tribunal ("MMT") has highlighted the important role that can be played by expert witnesses, and the apparent risks of relying on them to get...
15 August 2016
Compliance hiring activity is on the slide from earlier peaks in Hong Kong, as the uncertain economic climate and pressure on hiring budgets limit candidates' opportunities to move, recruiters said....
9 August 2016
Almost four years after a statutory regime for pensions intermediaries came into effect, Hong Kong's regulator is struggling with long internal case-handling times and sub-standard conduct at the...
4 August 2016
Hong Kong regulators are likely to amend their anti-money laundering ("AML") regimes following new developments from the global AML standard-setter the Financial Action Task Force ("FATF"), a law...
3 August 2016
The Hong Kong Monetary Authority ("HKMA") has issued a new Supervisory Policy Manual on the regulation of liquidity risk for Hong Kong banks, following a consultation with industry associations. The...
3 August 2016
Hong Kong's Securities and Futures Commission ("SFC") on Friday, 29 July, said Christina Choi, the current senior director of investment products, had been appointed by the Financial Secretary...
3 August 2016
Hong Kong will soon transfer responsibility for supervision of insurance to a new, strengthened independent regulator with recruitment for staff and the search for office premises already underway,...
28 July 2016
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