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PBs Should Revisit Algo-Trading Compliance as the HKMA Steps Up Stringency, Asian Private Banker

March 18, 2020

Asian Private Banker quoted Morgan Lewis partner Helen Fok’s White Paper about private banks revising their regulatory frameworks for algorithmic trading compliance. The White Paper discusses the Hong Kong Monetary Authority’s (HKMA’s) March 6 circular setting out its supervisory expectations and sound risk management practices on algorithmic trading activities. Helen advised that the HKMA’s expectations set a higher standard than the requirements relating to algo-trading under the Code of Conduct of the Securities and Futures Commission.

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