Paul SH Cheng Partner, Financial Services
Qualifications
- Master of Science in Finance, University of Leicester
- Member of the Hong Kong Institute of Certified Public Accountants
Background
Paul joined Financial Services team of Forvis Mazars in Hong Kong in 2023. He has over 20 years of financial services audit and advisory experiences and held internal audit roles with various international investment banks in Hong Kong and New York.
Specialising in performing assessment of corporate governance and risk management framework, Paul has conducted regulatory compliance and internal audit in the financial services industry, advised and recommended target operating model and market practices to ensure compliance with rules and regulations of Hong Kong Monetary Authority and Securities and Futures Commission.
Paul’s focus is on delivering tailored governance, internal audit, risk management, compliance and assurance services to financial services clients.
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Pages associated to Paul SH Cheng
Industries
- Banking & Capital Markets Insights
- Financial reporting of European banks: benchmark study H1 2022
- How 5G is going to transform digital banking in APAC by 2025
- Financial performance of European banks in the context of Covid-19: benchmark study 2021
- Financial reporting of European banks: benchmark study 2022
- Financial reporting of European banks: benchmark study 2023
- Financial services
- Asset management
- Real estate funds & investment management
- Financial reporting of European banks: benchmark study 2024
- Banking & capital markets
- Insurance
Services
Insights
- Application for a banking licence with the Hong Kong Monetary Authority
- Suitability obligations/investment product selling practices
- Regulatory compliance and risk management services for asset managers in Hong Kong
- Licensing Regime for Dealers in Precious Metals and Stones
- MZHK Financial Services Consulting Roundtable Luncheon (03 May 2023)
- Responsible banking practices: benchmark study 2019
- Concurrent SFC-HKMA thematic review of spread charges and other practices
- Licence application with the Securities and Futures Commission
- Internal audit services for financial institutions
- Revised HKMA requirements on recovery planning
- How RPA can facilitate digital transformation in financial services
- Selling practices of authorized institutions in respect of investment and insurance products
- Preparation for regulators’ (HKMA / SFC / IA) on-site inspections and reviews
- Responsible banking practices: benchmark study 2020
- Regulatory compliance and risk management services for securities brokerage companies regulated by the SFC
- SFC consultation conclusions on the management and disclosure of climate–related risks by fund managers
- The launch of cross-boundary Wealth Management Connect (“WMC”) pilot scheme in the Greater Bay Area (“GBA”)
- Consultation conclusions on proposed amendments to the AML Guidelines of the Securities and Futures Commission (“SFC”)
- Regulatory standards and measures on operational resilience and remote working arrangements of the SFC
- Update on latest regulatory requirements for insurance products and insurance-linked securities
- Regulatory review /mock inspection for securities dealers and asset managers licenced by the SFC
- Responsible banking practices: benchmark study 2021
- Operational resilience regulatory framework for financial services providers regulated by the HKMA and the SFC
- Regulators’ expectations on corporate culture for financial institutions
- Establishing an effective compliance function for financial intuitions in Hong Kong
- Regulatory policy on virtual asset-related activities in Hong Kong of the SFC and the HKMA
- Regulatory framework and licensing requirements for trustees and custodians – Type 13 regulated activity
- Concurrent SFC-HKMA thematic review on distribution of non-exchange traded investment products
- New licensing regime for Virtual Asset Service Providers in Hong Kong
- Update on the latest regulatory requirements for selling of Protection Linked Plan
- Update on the New Regulatory Requirements for Conducting Bookbuilding and Placing Activities in Hong Kong
- Anti-money laundering and counter-financing of terrorism solutions
- Mazars in Hong Kong strengthens Financial services consulting team with new Partner appointment (1 Feb 2023)
- Update on Supervisory Policy Manual module IC4 on complaint handling and redress by the Hong Kong Monetary Authority
- SFC licensing regime for virtual asset trading platform operators in Hong Kong
- Update on the thematic review of risk management practices related to data risks of licensed corporations by the SFC
- Internal Sharing Session in CTBC Bank Hong Kong Branch (5 December 2023)
- Financial Services Team x QAX Cybersecurity Luncheon (11 July 2024)
- Regulatory compliance services on conduct and governance of insurance companies, insurance agents and insurance brokers
- Insurance Authority Guideline on Cybersecurity (GL20) - October 2024
- Partners from Mazars in Luxembourg visit Mazars in Hong Kong (24 May 2023)