Hong Kong

    Capital / Liquidity

    HKMA Issues Guidance on Reporting ARR Positions in IRRBB Returns

    By Manesh Samtani | 30/03/2021

    The guidelines say alternative volatility estimates may be used value new ARR options in cases where there is not enough implied interest rate volatility data.

    Securities / Derivatives

    HK to Consult on SPAC Listing Framework in June – Report

    By Editors | 29/03/2021

    The rules are expected to include conditions for sponsors or SPACs. Acquisition targets will have to meet the existing standards for IPOs.

    Fintech / Regtech

    HKMA Launches Regtech Challenge to Address Banking Pain Points

    By Editors | 26/03/2021

    The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.

    Market Infrastructure

    HKMA Releases Banks from 30 June LIBOR Transition Milestone

    By Manesh Samtani | 26/03/2021

    International banks say prematurely restricting the issuance of LIBOR-linked contracts may result in fragmented markets.

    Securities / Derivatives

    HK OTC Derivatives Licensing Regime Closer to Implementation

    By Scott Carnachan | 25/03/2021

    Amendments to Hong Kong’s OTC derivatives licensing regime have been introduced in LegCo. Scott Carnachan at Deacons discusses the changes.

    Enforcement

    SFC Fines GEO Securities for Breaching Licence Conditions

    By Editors | 25/03/2021

    The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.

    Fintech / Regtech

    Project Aurum: HKMA to Explore General Purpose CBDC

    By Manesh Samtani | 25/03/2021

    Project Aurum will explore the benefits and challenges of different architectures for the distribution of a general purpose CBDC.

    Hong Kong: Enhanced 100% Loan Guarantee Set to Take Effect

    By Editors | 22/03/2021

    The maximum loan amount per enterprise, total loan ceiling, maximum repayment period, and duration of moratorium will be extended.

    HKMC Signs Infrastructure Financing MoUs with Five Banks

    By Manesh Samtani | 22/03/2021

    The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.

    Fintech / Regtech

    HKMA Outlines Regtech Use Cases for Treasury Operations

    By Editors | 21/03/2021

    The use cases presented include solutions to detect rogue trading activities, standardise derivatives trading lifecycle events, and enhance liquidity risk monitoring.

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