SFC fines Bank of East Asia (0023) HK$4.2m for mixing client securities with its own
SFC
SFC, 17-Sep-2020
This practice went on for 13 years before an inspection by the HK Monetary Authority picked it up! By the way, the HK custodian is "Hong Kong Securities Clearing Company Limited", not CCASS, which it operates.
Orgs
SUMITOMO MITSUI BANKING CORPORATION Public Disciplinary Actions