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HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus
By Manesh Samtani | 07/02/2020
The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.
Capital / Liquidity
HKMA Maintains 2% CCyB Amid ‘Uncertain’ Environment
By Editors | 30/01/2020
HKMA chief Eddie Yue says it is appropriate to maintain the CCyB at 2.0% to allow more time to “observe the trend”.
Market Infrastructure
HKMA Consults on Contractual Stay Provisions in Financial Contracts
By Editors | 23/01/2020
FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.
Fintech / Regtech
HKMA, BOT Announce Outcomes of Joint CBDC Research
By Editors | 23/01/2020
In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.
Fintech / Regtech
HKMA to Set Up ‘Digitalisation Office’ to Implement Transformation
By Editors | 22/01/2020
The progressive development of digitalisation initiatives will bring profound changes to how the HKMA works and further enhance its efficiency, says deputy chief Howard Lee.
Capital / Liquidity
HK Banks Pledge Continued Leniency for SME Borrowers
By Editors | 21/01/2020
At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.
ESG / Sustainability
Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement
By Editors | 17/01/2020
Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.
ESG / Sustainability
HKMA Urges Family Offices to Set Up in Hong Kong
By Editors | 17/01/2020
The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.
Market Infrastructure
HKMA Reveals Preliminary Findings from Bank Culture Assessments
By Manesh Samtani | 16/01/2020
HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.
AML / KYC
Technology to Drive Regulatory Agenda in 2020: Thomson Reuters
By Manesh Samtani | 09/01/2020
Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.
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