Legal experts warn of risk of rapid private bank expansion

29 November 2010 | 3 minutes read

Historically, investment services in Hong Kong and Singapore, including private banking, have enjoyed a lightly regulated environment. In fact, prior to 1 April 2003 in Hong Kong, investment services were exempt from regulation if conducted through an approved Hong Kong Monetary Authority bank and since 2003 “professional investor” regulations allow for continuing exemption from a significant number of requirements concerning…

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