Keeping financial conflicts out of the court

[The content of this article has been produced by our advertising partner.]

Financial markets are constantly changing, and as fintech platforms occasionally stumble due to glitches or user confusion, monetary disputes between financial institutions and customers are becoming more frequent.

And when such disputes arise, failing to handle them promptly, fairly and to the satisfaction of both parties can make or break a financial institution’s public image.

That’s why an increasing number of financial institutions are turning to the Financial Dispute Resolution Centre (FDRC) as a strategic partner to resolve customer conflicts cost-effectively, impartially, and most importantly, confidentially.

From Lehman fallout to fairer resolutions

After the collapse of a US investment bank in 2008, the ripple effects were felt across the globe. In Hong Kong, many retail investors considered or deemed as “professional” suffered heavy losses from mis-sold structured products.

Amid calls for greater accountability, the HKSAR Government responded by strengthening investor protection. As part of this broader effort, the FDRC was established in 2011 as an independent, non-profit organisation that offers a faster and more affordable path to resolving financial disputes.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Hong Kong car owners race to higher ground to escape Ragasa’s feared storm surge

Hong Kong car owners race to higher ground to escape Ragasa’s feared storm surge

Hongkongers were rushing to park their cars on higher ground and in covered spaces as Super Typhoon Ragasa was expected to inundate low-lying and coastal areas. Several major indoor car parks had long queues stretching out of their entrances on Tuesday morning, including the Tai Po Mega Mall car park, which accommodates over 1,000 vehicles,

Super Typhoon Ragasa Races Toward Hong Kong, Hundreds of ...

Super Typhoon Ragasa Races Toward Hong Kong, Hundreds of …

Airlines in East Asia canceled hundreds of flights on Tuesday as China’s Pearl River delta and the financial hub of Hong Kong braced for Super Typhoon Ragasa, which authorities have warned could have a “catastrophic” impact on the densely populated region. Why It Matters Meteorologists have warned that Ragasa, the most powerful typhoon to hit

Hong Kong property prices expected to trade sideways with fluctuations in the second half of the year; gold may remain strong until the first quarter of next year.

Hong Kong property prices expected to trade sideways with fluctuations in the second half of the year; gold may remain strong until the first quarter of next year.

Recently, Citi released its global investment outlook for the fourth quarter of 2025, outlining its views on Hong Kong’s property market, the US dollar, gold, and Hong Kong interest rates. According to Zhitong Finance APP, Citi recently released its global investment outlook for Q4 2025. Liao Jiahao, Head of Investment Strategy and Asset Allocation at

Super Typhoon Ragasa: Hongkongers rush home ahead of T8 as shutdown begins

Super Typhoon Ragasa: Hongkongers rush home ahead of T8 as shutdown begins

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing now for 50 per cent off during our two-day flash sale. The Hong Kong Observatory has said it will issue the No 8 warning signal 2.20pm on Tuesday as Super Typhoon Ragasa is expected

Map shows path and arrival time (in Philippine Standard Time) of super typhoon Ragasa

Super Typhoon Ragasa live tracker: Hong Kong cancels 700 flights after powerful storm kills three in Philippines

Hong Kong airport warns of ‘significant disruption’ as Ragasa nears Hong Kong airport said it will “continue operations” but warned passengers to expect “significant disruption” to flight operations from 6pm on Tuesday to Wednesday. In a statement issued on Monday evening, the Airport Authority Hong Kong (AAHK) said: “AAHK and the airport community are fully

Smoke rises from the site of the fire at the Tsing Yi recycling site near Stonecutters Bridge. Photo: Sun Yeung

Firefighters battling fire raging for 7 hours at Hong Kong recycling site

Firefighters have been battling a blaze at a recycling site in Hong Kong’s Tsing Yi for about seven hours since it broke out, two days after another fire erupted near the same spot. The Fire Services Department was alerted at 4.12am on Tuesday that a fire had broken out at a recycling site at the

Smoke rises from the site of the fire at the Tsing Yi recycling site near Stonecutters Bridge. Photo: Sun Yeung

Hong Kong firefighters battle fire at Tsing Yi recycling site

Firefighters have been battling a blaze at a recycling site in Hong Kong’s Tsing Yi for about seven hours since it broke out, two days after another fire erupted near the same spot. The Fire Services Department was alerted at 4.12am on Tuesday that a fire had broken out at a recycling site at the