Hong Kong - SFC announces thematic review of remote booking, operational and data risk management practices

The Securities and Futures Commission (“SFC”) released a circular on 16 November 2018 announcing that it has commenced a thematic review of selected licensed corporations remote booking, operational and data risk management practices. The outcome of the thematic review will likely impact global financial institutions that book the risks of trades originated from or handled by their licensed corporations in Hong Kong to an offshore central booking entity. The circular also highlights that risk