On 13 November we held an event in Hong Kong to deepen awareness of FMSB’s role and relevance in the Asia-Pacific region. We brought together a range of senior executives from FMSB Member firms, regulatory authorities and wider market participants, all with a shared commitment to raising standards across the industry.
The event opened with welcome remarks from Tsz Cheuk Wong, HSBC’s Head of Markets and Securities Services for Hong Kong and Myles McGuinness, FMSB’s Chief Executive Officer. Julia Leung, CEO of the Hong Kong Securities and Futures Commission (SFC) then gave a keynote address underlining the SFC’s support for FMSB’s purpose – to support fair and effective markets – and encouraging firms across the region to join and contribute to what is a collaborative, global effort.
A video address by Andrew Hauser, Deputy Governor of the Reserve Bank of Australia, outlined FMSB’s evolution over the past decade, from the Fair and Effective Markets Review to a globally recognised standard setter. Myles McGuinness and Chris Rich, FMSB’s Director of Standards and General Counsel, then spoke on how firms can engage with and benefit from FMSB Membership.
Panellists Tsz Cheuk Wong, Peter Stein, CEO of ASIFMA and the GFMA, and Carl Fernandes, Partner at Linklaters, then came together to discuss the role of industry standards in addressing future market challenges, in a panel moderated by Chris, drawing on themes from FMSB’s recent paper – Future of financial markets, before closing remarks, given by Myles.
We would like to thank all our speakers and panellists for contributing to what was a memorable inaugural event for FMSB in Hong Kong, as well as HSBC for hosting us.
