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Capital / Liquidity
HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021
By Editors | 03/01/2021
Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.
AML / KYC
Hong Kong Launches New Digital Identity Platform ‘iAM Smart’
By Manesh Samtani | 02/01/2021
The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.
AML / KYC
SFC, HKMA Offer Clarity on Product Disclosure, Suitability Obligations
By Manesh Samtani | 29/12/2020
The SFC and HKMA say firms may adopt a risk-based approach to streamline the provision of product disclosures for sophisticated or experienced investors.
Fintech / Regtech
Fusion Bank Launches Virtual Banking Services in Hong Kong
By Editors | 22/12/2020
The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.
Press Release
Regulation Asia: Top Ten News Stories for 2020
By Editors | 22/12/2020
This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.
Securities / Derivatives
HKMA Surveys PE Firms Seeking to Help Manage HK Growth Portfolio
By Editors | 21/12/2020
Interested private equity firms, local and overseas, are invited to take part in the survey on or before 22 January 2021.
Market Infrastructure
HKMA Unveils Enhanced Competency Framework on Operational Risk
By Editors | 20/12/2020
The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.
Fintech / Regtech
HKMA Outlines Regtech Use Cases for Pandemic Environment
By Editors | 18/12/2020
In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.
ESG / Sustainability
Hong Kong Launches Strategic Plan for Greener Financial Ecosystem
By Manesh Samtani | 17/12/2020
A cross-agency steering group has announced a green and sustainable finance strategy for Hong Kong and five key action points.
Capital / Liquidity
HKMA Consults on Implementation of Revised CVA Risk Framework
By Editors | 17/12/2020
The revised CVA risk capital framework is likely to have significant impacts on banks, particularly for those with material CVA risk exposures, the HKMA says.
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