Hong Kong needs cooperation with China to become a talent hub – Harbour Times



A commentary in a local newspaper by retired People’s Bank of China (PBOC) governor Zhou Xiaochuan suggests Hong Kong should continue to be a testing ground in experimenting new regulatory approaches and technologies for China through which the government can identify measures for closing regulatory loopholes in the financial sector. 繼續閱讀

RegTech降監管成本提升效率 – 信報財經新聞, StartUpBeat



上星期談及香港應發展金融監管科技(RegTech),一來可為內地扮演先鋒,協助試驗不同方案的成效,二來可以藉此鞏固作為國際金融中心的地位。意猶未盡,今次想再討論此一被指為金融科技最強分支的發展前景。 繼續閱讀

HK well-positioned to tap into RegTech opportunities – China Daily



The US subprime crisis has petered out over the past decade. Yet, its impact on the global financial markets is here to stay. The biggest effect was perhaps on the regulatory front. For example, financial institutions have paid over $150 billion in fines in the US as of mid-last year, and over 300 people, including community bankers, mortgage lenders, real estate brokers and developers were convicted as a result of misconducting during the financial crisis in 2007, according to the Financial Times. 繼續閱讀

香港應借RegTech展優勢 – 信報財經新聞, StartUpBeat



中國人民銀行行長周小川指出,內地金融業監管存在不少漏洞,上周六《信報》社評認為香港可「繼續擔當試驗田,發揮先鋒作用」,對此我深感認同。我更相信,這是香港進一步鞏固作為國際金融中心地位的大好機會,而關鍵是人才庫的實力。 繼續閱讀

Hong Kong can be the next RegTech hub – ejinsight



JPMorgan Chase, the largest US bank in deposit taking, committed 5,000 extra employees “to fix risk and compliance issues after a slew of investigations by regulatory authorities". HSBC also hired an additional 1,800 employees, making a total of 6,000 staff since the end of 2016 for its compliance operation. Similarly, Citi, another multinational financial institution, has engaged nearly 30,000 staff for internal control functions. 繼續閱讀