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Capital / Liquidity
HKMA Asks Banks to Prepare Systems for Revised Leverage Ratio
By Editors | 15/07/2019
Both the revised leverage ratio treatment of client cleared derivatives and the revised disclosure requirements will come into effect in Hong Kong on 1 January 2022, in line with the BCBS timetable.
Big Picture
Open Banking, APIs Will Unlock a Host of Opportunities: NPP Australia
By Editors | 08/07/2019
A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.
Market Infrastructure
Hong Kong ‘Greenness’ Assessment Framework for Banks by Year-End
By Manesh Samtani | 02/07/2019
The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA’s participation in the NGFS.
Fintech / Regtech
BIS ‘Innovation Hub’ to Set Up in Hong Kong, Singapore
By Editors | 02/07/2019
The BIS Innovation Hub will foster collaboration between central banks and, by extension, help the private sector fully realise ‘new economy’ opportunities.
Capital / Liquidity
Amended Bank Liquidity Rules to Take Effect 1 Jan: HKMA
By Manesh Samtani | 01/07/2019
The amendments expand the scope of HQLA recognisable as “level 2B assets” under the LCR and introduce a 5% stable funding requirement on total derivative liabilities under the NSFR.
Securities / Derivatives
Hong Kong Finalises List of FSPs Under Clearing Obligation
By Editors | 01/07/2019
The list of Financial Services Providers identifies major dealers outside Hong Kong that are under the clearing obligation.
Fintech / Regtech
MAS to Issue Up to Five Digital Bank Licences
By Editors | 01/07/2019
The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.
Market Infrastructure
JBA Responds to Hong Kong OTC Derivatives Consultation
By Editors | 28/06/2019
The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.
Fintech / Regtech
GFiN Publishes Report Reflecting on First Year of Work
By Editors | 27/06/2019
The Global Financial Innovation Network has published a report reflecting on its work over the past year, and its ambitions for the future.
Capital / Liquidity
HKMA Rules on Bank Exposure Limits to Take Effect From 1 July
By Editors | 25/06/2019
Under the rules, authorised institutions are subject to a statutory limit of 25% of capital on financial exposure to any one person or group of related persons.
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