2017 has seen its fair share of regulatory events for Asia’s private banking industry, including multiple enforcement actions brought by the region’s watchdogs against individuals and institutions alike. Arguably the most high-profile incident involved HSBC’s legacy unit, HSBC Private Bank (Suisse) Hong Kong branch, which was slapped with a record HK$400 million fine and had two licences revoked as the…
2017’s key regulatory enforcements
