Hong Kong Monetary Authority

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    Capital / Liquidity

    HKMA Sets Expectations on Managing Risk, IRRBB, Liquidity

    By Manesh Samtani | 17/12/2023

    Banks should establish social media monitoring frameworks, develop plans to respond to negative publicity, and limit how much HTM securities are held as HQLA.

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    Mainland Officials Meet With HK Bankers to Discuss Challenges

    By Mark Johnston | 15/12/2023

    Officials met with Hong Kong bankers this week to seek their views on improving the city’s competitiveness.

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    ESG / Sustainability

    HKMA to Launch Physical Risk Assessment Platform for Banks

    By Manesh Samtani | 12/12/2023

    HKMA’s Arthur Yuen also said the first version of Hong Kong’s green classification framework will be released “very soon”.

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    Market Infrastructure

    RBI in Talks With HK, US on Cross-border CBDC Payments

    By Ajoy K Das | 08/12/2023

    The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

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    HKAB, DTCA Issue Revised Banking Code of Practice

    By Sanday Chongo Kabange | 08/12/2023

    Banks are expected to achieve full compliance with the new Code within 6 months. More time is given for provisions involving complex system changes.

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    IA, HKMA Start New Inspections on Use of Premium Financing

    By Sanday Chongo Kabange | 07/12/2023

    The IA and HKMA will assess compliance with new standards on the use of premium financing for life policies.

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    Fintech / Regtech

    HKMA, BOT Launch Cross-border QR Payment Linkage

    By Editors | 05/12/2023

    Travellers from Thailand and Hong Kong can make retail payments by using their mobile banking apps to scan the Hong Kong and Thai QR codes displayed by merchants.

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    ESG / Sustainability

    HKMA Sets Standards for Sale of Green & Sustainable Investment Products

    By Sanday Chongo Kabange | 30/11/2023

    Registered institutions that sell and distribute green and sustainable investment products have 12 months to comply.

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    AML / KYC

    HKMA Fines Local Branch of CA Indosuez for AMLO Breaches

    By Sanday Chongo Kabange | 30/11/2023

    The HKMA fined CA Indosuez’s Hong Kong branch for failing to continuously monitor business relationships with some clients.

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    AML / KYC

    HKMA Launches New Service to Alert FPS Users of Potential Fraud

    By Sanday Chongo Kabange | 29/11/2023

    The new alert mechanism will alert banking customers when an FPS proxy ID is flagged as “High Risk” on the Scameter search engine.

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