Recently revised authorisation guidelines for virtual banks issued by the Hong Kong Monetary Authority (HKMA) suggest that this emerging breed of financial institutions will be able to provide a broad range of services, including wealth management. The local bank regulator published a consultation draft for virtual banking guidelines earlier this month, updating regulation requirements that were first established back in 2000. Responding to…
Virtual banks poised to enter wealth management space
13 February 2018

Share article
Share article
Related News

“Strong growth” of wealth management fuels EY’s China expansion plan
19 July 2022

Movers & Shakers – Private banks turn more selective as 2H22 looms
21 June 2022

Chandrima Das is leaving Standard Chartered Wealth Management
11 May 2022

Something is brewing at StanChart’s wealth management business
3 May 2022

February Regulatory Round-up: HKMA urges banks to implement vaccine passports
8 March 2022