Tag Archives: Suitability
SFC reminds intermediaries to act in the best interests of clients when trading highly volatile securities
MAS shows signs of moving towards Hong Kong standard of suitability: Synpulse
Some PBs overcharge clients and are perfunctory in risk profiling: MAS
Credit Suisse PB achieves “record levels” of managed solutions penetration
Regulatory trends in 2019
AMC suitability needs to be assessed on a “case by case” basis: Simmons & Simmons
PBs lag in digital offerings as reg compliance prioritised
HKMA further extends suitability deadline for select products
New FAQs on HK suitability requirements a “positive development” for private banks
PBs adopt portfolio suitability approach to “take full advantage” of HKMA flexibility
SFC’s updated FAQs limit scope of new suitability rules
SFC extends deadline for revised suitability rules
SFC considers PWMA’s suggestion to extend suitability rules deadline
PBs worry SFC’s new suitability rules will “kill” execution-only business
Banks struggle to implement SFC’s new due diligence requirements
New offline suitability rules in Hong Kong may limit investor choice
HKMA encourages banks to be flexible in assessing product tenor suitability
SFC pushes for complex product suitability checks despite doubts from industry
PBs face “huge challenge” to meet online suitability requirements
HKMA eases suitability requirements to facilitate online sales
Suitability solutions with tech partners could cut implementation time in half: Orbium
DBS aims to sync data across platforms ahead of iWealth products rollout
SFC suitability checks for complex products “a tricky area”
SFC lists out “complex products” in suitability consultation conclusion
Credit Suisse responds to SFC penalty
Fee disclosure scrutiny may not suit clients
January Regulatory Round-up: limited MiFID II impact in Asia; DPM fee transparency; enforcement updates
Nine recent trends that have shaped Asia’s PB industry
BoS ruling shows courts are finally taking SFC regulations seriously: lawyer
PBs using MiFiD II-compliant digi-tools to reduce suitability stress
HSBC PB case will lead to greater emphasis on multiple complaints
SFAT cites “lack of contemporaneous records” in HSBC PB (Suisse) ruling
Private bankers failing to “clearly document” alternative product proposals despite guidance
Hong Kong’s private bankers turning to AI-driven tools to deal with suitability requirements
Mis-selling precedent will have “limited” long-term implications
New suitability requirements enforced with questions unanswered, say lawyers
MAS seeks industry’s input on robo advisory regulations
Private banks require “a lot of guidance” amid multitude of regulatory consultations
SFC’s proposed suitability requirements for online platforms will be “difficult” to meet, says law firm
Consultations on the suitability obligations of online platforms coming soon, says SFC’s Alder
Banks should revisit frontline selling processes to ensure compliance with suitability requirements, advises law firm
Experts predict impact of SFC’s suitability clause on PBs
Clause for concern: SFC’s new requirement spells end for RM “papering practices”
Little to no bonuses for some China private wealth teams
Suitability takes on extra legal obligation
