HKEx to form risk committee

Author: Ashley Lee | Published: 5 Mar 2015

Hong Kong Exchange Group’s (HKEx) new risk committee is intended to better assess risks from the exchange’s growing business lines. It follows global concerns about financial market infrastructure (FMI) resolution.

The remit of the risk committee, whose formation was announced today, differs from that of HKEx’s existing risk management committee in that it will assess group-wide risk. Its establishment follows the expansion of HKEx’s clearing business following the opening of LME Clear in the fourth quarter of 2014.

Its establishment is also timely, following increasing...