A Case Study Approach to Compliance Issues for Financial Analysts

The Department of Economics and Finance encourages students to stay updated with the latest market movements by providing

various finance-related seminars every semester. This semester, the Department was honoured to have invited Dr Richard Chow to share his precious work experiences in the Compliance industry with students and staff on 14 April 2016.

To allow students to understand different types of market misconduct behaviours, Dr Chow shared some cases he came across before. He gave examples like the Carrian Group’s Fraud Case and the bankruptcy of banks in 1980’s. To highlight his experiences, he used an enlightening metaphor, “By looking through the cases, you can smell the problems while they are still being processed.” Not only did he share his experiences, he also shared friendly advice with students regarding investment choices and market trends. Before making any investment decisions, it is essential for us to conduct our own market research and analyses, rather than solely relying on market analyses conducted by others. Moreover, students were reminded that Compliance has been one of the hottest issues lately in the finance sector and stressed how it would affect their career path in the future. In closing, Dr Chow emphasised the importance of being aware of the regulations and compliance issues in the business field to uphold strong ethics.

About Dr Richard Chow

Dr Richard Chow is a Consultant of the Hong Kong Monetary Authority. He is a Senior Fellow of the Hong Kong Securities and Investment Institute and has more than 30 years of experience in the regulatory industry. He had led various major SFC investigations involving listed companies affairs, misconduct of intermediaries and Anti-Money Laundering. He had also acted as an expert in various market misconduct cases. In recent years, he had provided consultancy services and training to regulatory authorities and institutions, including the China Securities Regulatory Commission, and various local financial institutions, professional bodies and universities. He is also currently and Independent Non-Executive Director of China Southern Assets Management Co Ltd.

Dr Chow sharing his experiences with students and staff