European Business Law Review

Volume 23 (2012)

Volume 23 (2012) / Issue 6

Will W Shen, 'When Complexity Impairs Disclosure – A Critique of SFC’s Proposal to Strengthen the Disclosure Regime after the Lehman Minibonds Incident in Hong Kong' (2012) 23 European Business Law Review, Issue 6, pp. 1025–1040


The shockwaves from Lehman Brothers' demise in September 2008 are still reverberating through the world of retail structured financial products in Asia. The retail buyers across the region, in particular, those in Hong Kong suffered losses from complex structure financial products linked to the failed US investment banks. The regulators in Hong Kong have proposed to tighten up the disclosure regime providing sufficient information regarding the risks involved in structured securities to the end customers. This article reviews potential problems pertaining to this regulatory move.

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ISSN: 0959-6941
ID: EULR2012042