Hong Kong banks cease distribution as regulatory limbo continues
Retail banks in Hong Kong have stopped selling structured products until they receive more clarity from the Hong Kong Monetary Authority (HKMA) about its recommendations on distributing the products to retail customers. The HKMA published recommendations to registered institutions in January along with a timetable for implementation.
"The feedback we are getting from our retail banking clients is that some of them are finding the new recommendations very vague and hard to implement," says one
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