PWMA 'Portfolio-based Suitability Assessment - Forum Discussion' on 11 September 2019

Since the HKMA published its guidance and clarification to Private Banks on adopting a portfolio-based approach in conducting suitability assessment in June 2012, a number of PWMA firms have adopted portfolio-based suitability assessment instead of assessing suitability on a trade by trade basis, while others have not.

What are the benefits of using portfolio-based suitability? What are challenges of implementation? What best practices can be learned from those who have adopted it? And what, if anything, could be done to make it easier to use? PWMA is organizing a Forum Discussion on Portfolio-based Suitability Assessment to address these questions.