Hong Kong Monetary Authority

HKMA Issues Public List of Bank-Owned Trust Businesses

By Sanday Chongo Kabange | 02/06/2023

All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.

Capital / Liquidity

HKMA Consults on Output Floor, Credit Risk Framework

By Editors | 31/05/2023

The consultation focuses on the implementation of the revised credit risk framework and the output floor.

AML / KYC

HKMA: Revised AML Guideline Raises Focus on Effectiveness

By Ranamita Chakraborty | 31/05/2023

HKMA’s Carmen Chu says an external consultant has been engaged to help prepare a new guidance paper on AML/CFT controls for PEPs.

ESG / Sustainability

HKMA Consults on Prototype Green Classification Framework

By Manesh Samtani | 30/05/2023

The HKMA commissioned Climate Bonds Initiative to develop the prototype, which focuses on activities in the energy, transport, buildings, waste and water sectors.

Crypto / Digital Assets

HKMA to Ramp Up Cross-border Collaboration with UAE

By Editors | 30/05/2023

The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

Crypto / Digital Assets

HKMA Launches e-HKD Pilot Programme With 16 Firms

By Editors | 19/05/2023

HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.

Market Infrastructure

Meeting the Challenge of HKMA Operational Resilience Requirements

By Shannon Wong | 15/05/2023

Shannon Wong and Lisa Huang discuss the HKMA’s expectations on operational resilience ahead of a fast approaching 31 May deadline.

Securities / Derivatives

Northbound Trading for Swap Connect Has Launched

By Manesh Samtani | 15/05/2023

At the opening bell, 37 transactions worth about $273mn were executed involving participation from 16 foreign institutions.

Capital / Liquidity

Hong Kong Roundtable: Bankers Explore Evolving Risk Landscape

By Editors | 14/05/2023

Regulation Asia and Wolters Kluwer held a roundtable with Hong Kong bankers to discuss the evolving risk landscape in the city.