Bloomberg News

Hong Kong Markets Regulator Sets Up Central Risk-Managment Unit

March 02, 2012

Hong Kong’s Securities and Futures Commission is forming a centralized unit to oversee risk management and planning of strategy in the city’s financial markets, the regulator said.

The unit will be headed by Benedicte Nolens, who will join the SFC on March 5 from Credit Suisse, where she was head of compliance for the Asia-Pacific region, overseeing investment banking, private banking and asset management, the SFC said in a statement on its website today.

“A centralised approach to risk will help the SFC to more effectively coordinate its overall strategy to deal effectively with the range of risks affecting market participants and investors, many of which are complex and have a significant international dimension,” SFC Chief Executive Officer Ashley Alder said in the statement.

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net


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