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Hong Kong: Banks hustle for new legal talent as competition regime approaches

 |  December 14, 2014

As Hong Kong prepares to implement a new competition regime, reports say the city’s banks are hustling to hire new legal experts to ensure antitrust compliance.

Experts say financial institutions are looking to reduce spending on external legal advice and are instead turning to in-house hires. Reports say Hong Kong lawyers are also flocking to compliance teams at banks to meet demand, and experts say banks are recruiting mainly from private practice.

The Hong Kong Competition Commission is readying for a new competition regime, with laws expected to be implemented next year.

Full content: eFinancial Careers

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