Priscilla Ngan

During her tenure in the Intermediaries Supervision Department of the SFC, she played a key role in developing and implementing SFC regulatory policies, particularly those relating to the financial resources and capital requirements of licensed corporations. She was a key contributor to the Financial Resources Rules (FRR) capital requirements for the RA 11/12 OTC derivatives regulatory regime, one of the most technically complex areas of Hong Kong's OTC derivatives regulatory framework in the securities industry.

 

Priscilla brings specialist expertise in FRR capital requirements, capital adequacy and regulatory capital models. Her combination of regulatory, technical and risk management experience enables her to advise on complex financial resources and capital requirements from both a regulatory and business perspective.

 

She also led SFC on-site inspection and off-site monitoring teams in assessing the operations, internal controls, financial soundness, risk management and regulatory compliance of licensed corporations. Her experience includes identifying regulatory deficiencies, assessing the adequacy of remedial measures and overseeing the implementation of corrective actions. 

 

Before joining the SFC, Priscilla worked in the Risk Management & Compliance Department of the HKMA, where she gained experience in banking regulation, risk management and regulatory compliance.

 

Since joining QReg Advisory, Priscilla has advised licensed corporations on SFC regulatory compliance, capital requirements, risk management frameworks and regulatory controls. She also conducts mock SFC inspections and regulatory compliance reviews, drawing on her direct experience from the SFC in identifying risks, performing assessment on compliance with regulatory requirements as well as identifying deficiencies and compliance gaps.

 

Areas of Expertise

• Financial Resources Rules (FRR) capital requirements, capital adequacy and regulatory capital models

• Risk management policies and internal controls

• RA 11/12 OTC derivatives regulatory regime

• Mock inspections

• Compliance reviews on AML/CFT, KYC, professional investor assessment, suitability, risk management, margin financing, and other applicable regulatory requirements 

• Identification and remediation of regulatory deficiencies and compliance gaps

• Regulatory enquiries relating to SFC on-site inspections, FRR and other regulatory issues

 

Qualifications

• Bachelor of Mathematics, University of Cambridge

• Master of Mathematics, University of Cambridge