HONG KONG MONETARY AUTHORITY

    ESG / Sustainability

    HKMA Publishes Banking Sector Talent Gap Findings

    By Editors | 18/06/2020

    Key skill gaps in the banking workforce were identified in areas relating to technology and data, cybersecurity, core banking knowledge, regulation and compliance, and climate risk management.

    Securities / Derivatives

    HKMA to Select Managers for New Growth Portfolio by H2 – Report

    By Editors | 15/06/2020

    The sovereign growth portfolio will invest in Hong Kong-specific projects, aimed at lifting the city’s competitiveness in financial services, commerce, aviation, logistics and innovation.

    AML / KYC

    HKMA Spotlights RegTech Use to Implement AML/CFT Measures

    By Manesh Samtani | 15/06/2020

    The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.

    Fintech / Regtech

    Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank

    By Editors | 11/06/2020

    Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.

    Market Infrastructure

    Chinese Regulators Respond to US Threat Against Hong Kong

    By Manesh Samtani | 08/06/2020

    The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.

    HKMA Initiative to Nurture Young Talent for Banking Industry

    By Editors | 04/06/2020

    The HKMA will sponsor up to half of the salaries of the fresh graduates employed by firms that participate in the Banking Talent Programme.

    AML / KYC

    HKMA Offers Guidance on AML Controls for Remote Onboarding

    By Manesh Samtani | 03/06/2020

    The HKMA has published its observations of good practices used by authorised institutions to mitigate the potential risks of new technology adopted for remote onboarding.

    Capital / Liquidity

    HKMA Issues Guidance on Treatment of Loans Under Relief

    By Editors | 26/05/2020

    The HKMA’s guidance on the treatment of loans subject to government guarantees and payment moratoriums is largely in line with guidance issued by the BCBS last month.

    Market Infrastructure

    HKMA Publishes Findings from Bank Culture Reform Initiative

    By Manesh Samtani | 24/05/2020

    As a next step, the HKMA will conduct more focused reviews on retail banks’ front office in relation to the distribution of banking, investment and insurance products.

    Fintech / Regtech

    HK Banks See Fintech More As Opportunity Than Threat – Study

    By Editors | 20/05/2020

    Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.

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