The following are some of the measures that the Hong Kong Monetary Authority (HKMA) will be implementing after the Lehman fiasco.
- Attaching warnings to retail structured products
- Separation of risk assessment and sales process
- Audio-recording of sales process
- Mysterious shopper programme
Comparing to Monetary Authority of Singapore (MAS), the gist of what MAS has told us is:
- Please read carefully before signing any document
Thank you very much Singapore.
No comments:
Post a Comment