HONG KONG MONETARY AUTHORITY

    Capital / Liquidity

    Three Emerging Risk Issues for Banks in Hong Kong

    By Simon Topping | 09/01/2020

    There are three key areas where Hong Kong regulators are expected to turn up the heat in 2020, says KPMG’s Simon Topping.

    Market Infrastructure

    Risks to Hong Kong Outlook Tilted to Downside: IMF

    By Editors | 02/01/2020

    However, robust policy frameworks and ample buffers will help the Hong Kong economy weather the challenges ahead.

    Capital / Liquidity

    HKMA D-SIBs List Unchanged, HLA Requirement Adjusted for Two Banks

    By Editors | 28/12/2019

    Compared with the December 2018 list, the HLA requirement has increased for Standard Chartered and decreased for Hang Seng Bank.

    AML / KYC

    APAC Wealth Migration Trends Heighten Financial Crime Risk

    By Joseph Quiazon | 28/12/2019

    APAC regulators are looking to FIs and their technology to guard against increasingly sophisticated criminal activity as wealth migration accelerates, says Joseph Quiazon at Exiger.

    Fintech / Regtech

    HKMA Publishes Highlights from First AML/CFT RegTech Forum

    By Manesh Samtani | 27/12/2019

    Access to quality data and a more proactive knowledge sharing approach are critical to moving to intelligence-led methods in financial crime risk management.

    Fintech / Regtech

    HKMA Publishes Report on AI Adoption by Hong Kong Banks

    By Manesh Samtani | 24/12/2019

    The lack of employees with AI expertise was cited by 70% of respondents as the top barrier to AI adoption, according to a survey.

    Press Release

    Regulation Asia: Top Ten News Stories for 2019

    By Editors | 20/12/2019

    This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.

    Capital / Liquidity

    HKMA Rebuts BOE Claim of Hong Kong Fund Outflows

    By Manesh Samtani | 19/12/2019

    The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city’s banking system.

    Fintech / Regtech

    UPDATED – ZA Bank Becomes First HK Virtual Bank to Launch Pilot Services

    By Editors | 19/12/2019

    ZA Bank, backed by ZhongAn and Sinolink Group, has launched services for 2,000 selected users to test under the HKMA’s sandbox mechanism.

    Securities / Derivatives

    SFC Concludes Consultation on OTC Derivatives Margin Requirements

    By Manesh Samtani | 19/12/2019

    IM requirements will be phased in for firms with AANA exceeding HK$375bn starting from 1 September 2020, the same date VM requirements take effect.

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