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August Regulatory Round-up: Rulings on GFC mis-selling claims released; increasing compliance can be risky

Recently published rulings on mis-selling claims linked to the global financial crisis (GFC) have shed light on which contractual terms favour private banks and where their ‘residual obligations’ lie. In August, Asian Private Banker reported on two Hong Kong court rulings on mis-selling disputes — one which ruled for the bank and another which ruled against the bank. Both cases involved HNW clients…

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