Saturday, January 17, 2009

HKMA vs Singapore MAS

I've been out of touch these past 2 weeks, but I've managed to have a glimpse of the newspapers here and there. One thing that caught my eye though was something about Hong Kong.

The following are some of the measures that the Hong Kong Monetary Authority (HKMA) will be implementing after the Lehman fiasco.
  1. Attaching warnings to retail structured products
  2. Separation of risk assessment and sales process
  3. Audio-recording of sales process
  4. Mysterious shopper programme

Comparing to Monetary Authority of Singapore (MAS), the gist of what MAS has told us is:
  1. Please read carefully before signing any document


Thank you very much Singapore.

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