Amid UBS probe, more banks in SFC's sights

UBS could lose its Hong Kong corporate finance licence after a crackdown by the local regulator. But it will not be the only bank threatened with stiff penalties, according to a source familiar with the regulator’s plans.

Matthew Thomas Alison Tudor-Ackroyd

October 28, 2016

Hong Kong’s Securities and Futures Commission (SFC) is digging into UBS's role as a sponsor on more than one IPO. That could lead to the Swiss bank being stripped of a licence that allows it to sponsor Hong Kong listings and advise on mergers and acquisitions.

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