Hong Kong’s Securities Regulator Chief To Step Down Next Year

www.oann.com | 1/15/2018 | Staff
TimHyuga (Posted by) Level 3
HONG KONG (Reuters) – Ashley Alder, CEO of Hong Kong’s securities regulator, will step down in September next year at the end of a third three-year term in the post, a spokesman for the regulator said on Monday.

During his tenure, the Securities and Futures Commission (SFC) took a more active, interventionist role as part of its so-called “front loaded approach” to policing Hong Kong’s capital markets after a series of stock crashes and wild price swings threatened to undermine the market.

SFC - Penalties - Wrongdoing - Companies - Years

The SFC also imposed larger penalties for wrongdoing by the companies it regulates in recent years than it had done previously, in line with global trends.

In March this year, it banned UBS from leading initial public offerings in Hong...
(Excerpt) Read more at: www.oann.com
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