SFC’s Alder looks to shake up liquidity rules post-Covid

Asia Risk 25: HK regulatory head says central banks must “never have to step in again” to bail out investors

Ashley Alder, SFC

This is part of a series of articles marking Asia Risk’s 25^th anniversary

In the early months of 2020, Ashley Alder found himself facing a dilemma – stick with his planned exit as head of Hong Kong’s Securities and Futures Commission in September, or shoulder another three-year term and help shape the region’s post-pandemic regulatory agenda.

As the virus took its toll on markets, Alder’s decision became clear – his SFC role called for a third act.

“All of the changes over the last decade –