The Hong Kong Monetary Authority (HKMA) has relaxed its $1m asset rule as well as requirements that private banks and authorised institutions separate sales and client assessments when dealing with private banking clients. The revision comes three years after the HKMA published its "enhanced measures for the sale of investment products" in the wake of the Lehman Brothers collapse. Institutions will no longer have to separate customer risk profile assessments from sales processes when dealing w
