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Hong Kong Exchanges and Clearing (HKEX) has appointed Pont Chiu as its head of internal audit, effective immediately.
“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”
European consultants predict frantic lobbying during the Mifid review.