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Enforcement
SFC Bans Ex-StanChart Banker For Concealing Personal Trades
By Editors | 25/11/2020
The SFC’s decision followed a referral from the HKMA, which discovered that the former banker also wilfully misrepresented himself to the Appeals Tribunal.
Market Infrastructure
HKMA Urges Continued Efforts to Advance Bank Culture Reform
By Manesh Samtani | 24/11/2020
In a recent keynote address, the HKMA’s Alan Au discussed seven common themes that were identified from banks’ self-assessments of culture reforms.
Capital / Liquidity
HKMA Updates Rules for Banks’ Equity Investments in Funds
By Editors | 22/11/2020
The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.
Market Infrastructure
HKMA Expands List of Eligible Collateral for RMB Facility
By Editors | 21/11/2020
Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China’s central bank, Ministry of Finance or policy banks.
Capital / Liquidity
HKMA Consults on Local Implementation of Final Basel III Reforms
By Editors | 19/11/2020
The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.
Market Infrastructure
HKMA Finalises New Reporting Form for Consolidated Accounts
By Editors | 17/11/2020
The new Return of Consolidated Accounts will help the HKMA monitor banking sector developments and strengthen the consolidated supervision of locally incorporated banks.
Market Infrastructure
IFC, HKMA Launch New Alliance to Address Climate Change
By Editors | 09/11/2020
IFC and the HKMA will bring together FIs, associations, research institutions, and technology providers to build capacity for green finance and promote climate investments.
Market Infrastructure
HKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund
By Editors | 09/11/2020
Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.
Fintech / Regtech
HKMA Seeks ‘Multi-CBDC Platform’ to Enhance Cross-border Payments
By Manesh Samtani | 04/11/2020
Project Inthanon-LionRock with the BOT is entering its second phase, which will have participation from HKEX, 19 banks, and five corporates.
HKMC Extends Fixed-Rate Mortgage Pilot Scheme for One Year
By Sanday Chongo Kabange | 04/11/2020
The scheme provides an alternative financing option for homebuyers to mitigate risks arising from interest rate volatility.
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