The Hong Kong Monetary Authority’s recently released FAQ on the sale and distribution of debt instruments with loss-absorption features and related products (loss-absorption products) allows banks to adopt a portfolio approach to client risk appetite but has created uncertainty over which foreign investment products are “in scope”. Last week, the regulator issued a notice extending the deadline for loss-absorption-related suitability compliance…
HKMA guidance on loss-absorption products relaxes rules, stirs uncertainty
16 July 2019

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