HONG KONG MONETARY AUTHORITY

    Crypto / Digital Assets

    HKMA Warns of 'Frothiness' in Stablecoin Market, Signals Strict AML Rules

    By Sanday Chongo Kabange | 24/07/2025

    The HKMA will grant only a handful of stablecoin issuer licences initially and impose stringent AML rules amid concerns over market speculation.

    Enforcement

    HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

    By Sanday Chongo Kabange | 23/07/2025

    The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

    Crypto / Digital Assets

    HKMA to Adopt Invitation Only System for Stablecoin Licensing - Report

    By Sanday Chongo Kabange | 22/07/2025

    The HKMA will reportedly only issue an application form after a potential applicant has been pre-screened and gained "basic recognition" during initial vetting.

    Capital / Liquidity

    HKMA Issues Updated Guidance on IRB Model Validation

    By Sanday Chongo Kabange | 21/07/2025

    The updated guidance introduces stricter requirements on data architecture, conceptual model soundness, group-wide systems, and the use of external benchmarks

    Capital / Liquidity

    HKMA Rejects Rumours About Possible Establishment of 'Bad Bank'

    By Editors | 18/07/2025

    The HKMA has dismissed reports that lenders were discussing the establishment of a new vehicle to handle rising non-performing loans.

    Fintech / Regtech

    HKMA to Expand Use of Granular Risk Data from Banks

    By Sanday Chongo Kabange | 17/07/2025

    Carmen Chu announced the results of HKMA's "Fintech Maturity Stock-take" exercise and plans to consult the industry on the development of a new data strategy.

    Fintech / Regtech

    HSBC Completes DLT Tests Under HKMA's e-HKD Project

    By Sanday Chongo Kabange | 15/07/2025

    HSBC has completed experiments on DLT interoperability and privacy tech, as a survey shows strong public demand for transaction privacy.

    Fintech / Regtech

    HKMA Calls for Enhanced NBFI Monitoring to Counter Stability Risks

    By Sanday Chongo Kabange | 15/07/2025

    HKMA’s Darryl Chan has called for agile regulation and international cooperation to manage threats from global fragmentation, innovation, and market volatility.

    Crypto / Digital Assets

    Hong Kong Gazettes Rules to Implement Basel Crypto Standard

    By Manesh Samtani | 14/07/2025

    New rules will implement the Basel crypto standard, setting strict capital, disclosure, and exposure limits for banks' holdings from January 2026.

    ESG / Sustainability

    HKMA Launches Physical Climate Risk Assessment Platform For Banks

    By Sanday Chongo Kabange | 11/07/2025

    The HKMA has launched an enhanced version of its physical climate risk assessment tool, urging all financial institutions to adopt it.

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