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Hong Kong Monetary Authority
ESG / Sustainability
HKMA Issues New Guidance for Banks on Transition Planning
By Manesh Samtani | 17/12/2024
The guidance covers governance, implementation strategy, engagement strategy, metrics and targets, data collection, scenario analysis, and disclosure/communication.
Capital / Liquidity
HKEX to Accept CGBs as Collateral for Swap Connect from 13 Jan
By Sanday Chongo Kabange | 17/12/2024
From 13 January, China government bonds held through Bond Connect can be used as collateral for Northbound Swap Connect.
Capital / Liquidity
HKMA Publishes Five Revised SPM Modules in Gazette
By Editors | 17/12/2024
The revised modules mainly include updates to cater for the implementation of Basel III rules on exposure limits and liquidity.
Capital / Liquidity
HKMA Issues Supplementary Guidance on Revised Credit Risk Framework
By Editors | 16/12/2024
The HKMA said the new supplementary guidance is intended to facilitate “consistent application” of the revised credit risk framework.
Capital / Liquidity
HKMA Issues Revised Guidelines on Fair Value Practices
By Editors | 16/12/2024
The revisions are mainly to better align with the “Prudent valuation guidance” under CAP50 of the Consolidated Basel Framework.
Enforcement
HKMA Fines China CITIC Bank for Transaction Monitoring Deficiencies
By Sanday Chongo Kabange | 08/12/2024
The HKMA said 13 out of a total of 33 detection rules and two core model rules had not been implemented as intended.
Capital / Liquidity
Hong Kong Gazettes Basel III Related Codes of Practice
By Editors | 08/12/2024
One new and two amended codes of practice were gazetted and HKMA issued a revised version of its banking disclosure guidelines.
Crypto / Digital Assets
Hong Kong Announces Gazettal of Stablecoins Bill
By Sanday Chongo Kabange | 08/12/2024
The bill will implement a licensing and regulatory regime for issuers of fiat-referenced stablecoins. The first reading is set for 18 December.
Capital / Liquidity
HKMA Consults on Amendments to Hong Kong Banking Ordinance
By Manesh Samtani | 06/12/2024
Among other things, the HKMA proposes to establish a statutory regime enabling it to exercise direct regulatory and supervisory powers over holding companies of banks.
AML / KYC
Hong Kong Banks to Extend Fraud Alerting Service to ATMs
By Manesh Samtani | 06/12/2024
Starting from 8 December 2024, 22 participating banks will gradually implement the alert mechanism at their ATMs.
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