Hong Kong Monetary Authority

Fintech / Regtech

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Capital / Liquidity

The Supervisory Answer to Hong Kong’s Worsening Economic Performance

By Pierre Latrobe | 22/10/2019

Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.

Market Infrastructure

HKMA, Hong Kong Banks Pledge Leniency for SME Borrowers

By Manesh Samtani | 17/10/2019

Nine major Hong Kong banks have pledged to help SME customers that encounter financial difficulties by adopting accommodative lending policies.

Capital / Liquidity

HKMA Cuts CCyB in Response to Worsening Economic Conditions

By Editors | 15/10/2019

The first CCyB cut since 2015, the move is expected to free up between HKD 200-300 billion in the financial system and make it easier for banks to lend to SMEs.

Securities / Derivatives

UPDATED – SFC to Raise Investor Compensation Limit

By Editors | 09/10/2019

Respondents to an April 2018 consultation strongly supported an increase in the compensation limit, among other proposals, which the SFC expects to implement in early 2020.

New HKMA Chief Signals Priorities for Term Ahead

By Manesh Samtani | 04/10/2019

Incoming HKMA chief Eddie Yue vowed to defend Hong Kong’s currency peg, promote market development opportunities, and foster a better ecosystem for fintech, regtech and suptech.

Fintech / Regtech

SWIFT, HSBC to Define Common API Standard for Hong Kong

By Editors | 04/10/2019

The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong’s clearing and settlement systems, facilitating the next phases of open banking in the city.

Big Picture

Hong Kong Making Slow Progress on Open Banking: S&P

By Editors | 03/10/2019

S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.

Securities / Derivatives

Hong Kong to Regulate Fund Trustees, Custodians

By Editors | 30/09/2019

Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.