• Daily News Headlines – 26-27 May 2020

    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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