New programme initially launches with a Northbound channel, offering Hong Kong and international investors access to Mainland China’s interbank interest rate swap markets.
Hong Kong financial watchdog fines UBS after it failed to produce transaction and client consent records.
FinTechs have moved away from being pure technology and information platforms to being financial services providers.
Hong Kong’s SFC grants LCH CCP status and allows it to provide automated trading services in the region.
BNP Paribas made $9.5 million by marking up fees on client transactions between 2011 and 2013.