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AML / KYC
We Need to Accelerate Regtech Transition in AML Work: HKMA
By Manesh Samtani | 23/11/2019
We need to enable a wider application of technology to AML work in the sector, deputy chief Arthur Yuen said at the HKMA’s its first AML/CFT RegTech Forum on Friday.
Market Infrastructure
Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG
By Manesh Samtani | 21/11/2019
Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.
Market Infrastructure
Exploring APAC’s Emerging Data-Intensive Regulatory Environment
By Swati Kothari | 15/11/2019
APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.
Press Release
Regulation Asia Awards: DTCC Wins Market Infrastructure of the Year
By Editors | 14/11/2019
The DTCC has been awarded Market Infrastructure of the Year in the 2nd Regulation Asia Awards for Excellence 2019.
Enforcement
SFC Bans Former HSBC Relationship Manager for One Year
By Editors | 07/11/2019
The former relationship manager used incomplete application forms pre-signed by the client to effect unit trust transactions without specific authorisation.
Big Picture
Fintech Week: HKMA Announces New Fintech Initiatives
By Manesh Samtani | 07/11/2019
As part of an ecosystem approach to fintech development, HKMA chief Eddie Yue wants to work with FIs, end users and technology firms to drive innovation in financial services.
Market Infrastructure
China, Hong Kong to Establish Wealth Management Connect Scheme
By Editors | 07/11/2019
The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.
Fintech / Regtech
HKMA Emphasises Consumer Protection in Big Data Analytics, AI Use
By Editors | 06/11/2019
New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.
Fintech / Regtech
Hong Kong Enables Govt Bill Payment Via FPS QR Code
By Editors | 04/11/2019
Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.
Fintech / Regtech
HKMA Offers High-level Guidance for Banks on AI Use
By Editors | 02/11/2019
The high-level principles cover governance, application design and development, and ongoing monitoring and maintenance of banks’ AI applications.
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