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Fintech / Regtech
SFC Calls Out Brokers for Slow Implementation of its Data Standards
By Manesh Samtani | 23/12/2022
Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.
Big Picture
HKIMR Report Explores Challenges of Climate Risk Measurement
By Sanday Chongo Kabange | 22/12/2022
The report introduces a data management framework and a model risk management framework to help FIs manage climate-related data and model risks.
Crypto / Digital Assets
HKMA Intends to Implement BCBS Cryptoasset Standards
By Editors | 22/12/2022
The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.
Fintech / Regtech
HKMA Issues Guidance on Using Digital Platforms to Offer Credit
By Manesh Samtani | 21/12/2022
With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.
Enforcement
SFC Fines Guosen for Regulatory Breaches Caused by Bugs
By Editors | 21/12/2022
Guosen Securities used expired standing authority of clients because its new operating system failed to send renewal notices to clients.
ESG / Sustainability
CDP to Help Enhance Sustainability Reporting in Hong Kong
By Editors | 21/12/2022
A new Climate and Environmental Risk Questionnaire has been developed to help SMEs with sustainability reporting.
Securities / Derivatives
HKEX Opens New York Office to Support International Clients
By Editors | 21/12/2022
HKEX says the New York office will make it easier to connect with investors, market participants and their intermediaries during their own working day.
Market Infrastructure
Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA
By Editors | 20/12/2022
Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.
Market Infrastructure
SFC, CSRC Announce Move to Expand Scope of Stock Connect
By Editors | 19/12/2022
After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.
Securities / Derivatives
HKEX Proposes to Further Expand Paperless Listing Regime
By Editors | 19/12/2022
Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.
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