Asia Risk Awards 2005

Risk manager of the year bank: HSBC

Good risk management at HSBC does not only mean having the most sophisticated systems and the smartest quants. It's also a culture that is ingrained in the mind-set of the bank's staff at all levels and across its diverse branch network.

Mis-selling of investment products has been a major issue in Hong Kong over the past year. A report released by the Securities and Futures Commission in February 2005 following an inspection of investment advisers in the city revealed widespread selling

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