Lapman Lee, Managing Director of Regulatory Consulting at Duff & Phelps, was interviewed by Thomson Reuters in an article about the launch of manager-in-charge (MIC) in Hong Kong.
In the article, Lapman had said, "Essentially, the MIC regime seeks to make the task of tracking individual senior manager's responsibility easier for the SFC. The SFC wants to go after the real decision-makers [at financial institutions]."