Hong Kong moves carefully on swaps trading reform
Regulator SFC fears disruption to Hong Kong's position if it forces trades on venue, Isda AGM hears
Fears over disrupting global trade lie at the heart of Hong Kong’s cautious approach towards introducing a swaps trading mandate, according to a senior official from the Securities and Futures Commission.
“We want to wait a bit to see how things are evolving around us. In particular we want to look at the impact on the market participants in Hong Kong,” said Keith Lui, head of the SFC’s supervision of markets division.
“We need to maintain a close dialogue with the two leading markets – the US
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