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As Assistant to the President for Economic Policy and Director of the National Economic Council (2017-2018), Gary Cohn managed the US economic policy agenda, stimulating economic expansion, job creation, and wage increases through historic tax and regulatory reform. Prior to that he was the President and Chief Operating Officer at Goldman Sachs where he worked for more than 25 years.

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2018 UPDATE | Hong Kong

2018 UPDATE | Hong Kong

by

Apr 11, 2018

Compendium

HKMA Hong Kong HK SFC Culture & Conduct Supervision Compensation & Incentives Senior Managers Regimes

In Hong Kong, the Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) provide regulatory oversight over the financial industry’s banking and securities sector. During the past few years, both have strongly reinforced the need for banks to foster a sound corporate culture and to heighten their focus on governance and personal accountability.

The HKMA has been active in recent years in promoting culture initiatives at banks, and it has supported supervisory initiatives that focus on risk culture and banking governance, culture and capacity building, and board of director empowerment.

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