Scott Carnachan hosts seminar at HSBC

Scott Carnachan, a consultant in the Financial Services Group, gave a seminar at HSBC’s headquarters in Hong Kong on Tuesday, 11 August 2015. The purpose of the seminar was to introduce HSBC’s asset management staff to the upcoming licensing obligations for participants in the over-the-counter (OTC) derivatives market, including the scope of new and amended regulated activities. HSBC had sought our expertise to understand the implications for the asset management industry of the reforms to more closely regulate the OTC derivatives market. The seminar also discussed the OTC derivative reporting obligations that apply to HSBC’s asset management operations.

The seminar was well attended by over 50 people from HSBC’s asset management business, primarily from their legal, compliance, operations and sales teams.