Hong Kong Monetary Authority

Market Infrastructure

HK Banks Making ‘Good Progress’ on Operational Resilience: HKMA

By Manesh Samtani | 04/12/2024

HKMA’s Carmen Chu said all Hong Kong banks have developed the relevant frameworks and most are now conducting mapping and scenario testing exercises.

AML / KYC

HKMA Announces Two New Anti-Scam Measures for Banks

By Sanday Chongo Kabange | 04/12/2024

“Money Safe” will allow customers to segregate a portion of their deposits and protect it from fund outflows, similar to Singapore’s “Money Lock”.

Capital / Liquidity

HKMA Revises Guideline for Bank on Capital Adequacy Regime

By Editors | 03/12/2024

The revised SPM module incorporates changes to align with the Basel III final reforms which take effect from 1 January 2025.

Market Infrastructure

HKMA Issues New Statutory Guideline on Cyber Risk Management

By Manesh Samtani | 03/12/2024

The SPM module articulates the HKMA’s policy, overarching principles, and supervisory approach on banks for managing cyber risks.

Crypto / Digital Assets

HKMA Announces Launch of Digital Bond Grant Scheme

By Editors | 30/11/2024

The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

Fintech / Regtech

HKUST Launches New GenAI Platform for Financial Sector

By Sanday Chongo Kabange | 29/11/2024

HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

Market Infrastructure

Hong Kong Completes Transition to Multiple CRA Operating Model

By Editors | 26/11/2024

The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.

Securities / Derivatives

Hong Kong Connectivity With Mainland Set to Increase

By Manesh Samtani | 25/11/2024

China Vice-Premier He Lifeng, CSRC Chairman Wu Qing and HKMA Chief Eddie Yue discussed new initiatives at the Global Financial Leaders’ Investment Summit.

ESG / Sustainability

HKMA Launches ‘Professional Level’ ECF for Sustainable Finance

By Sanday Chongo Kabange | 23/11/2024

The “Professional Level” of the ECF-GSF aims to help mid- and senior-level bankers develop professional competencies in Green and Sustainable Finance.