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SFC’s “managers in charge regime” to impact private banks without international branches, says law firm

A new regime in Hong Kong which will introduce measures to heighten the accountability of senior managers in licensed corporations will translate to reviews of existing management and governance structures for Chinese private banks with operations in Hong Kong, said Veronique Marquis, partner, financial services disputes and investigations at Eversheds. Last December, Hong Kong watchdog, the Securities and Futures Commission…

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