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Fintech / Regtech
Govt Support Needed in AI, Big Data Industry: FTAHK
By Editors | 25/05/2022
Survey respondents said government support is needed to drive education and promote fairness, ethics, accountability and transparency in the industry.
Market Infrastructure
HKMA’s Operational Resilience Standards: An ‘Adapt and Learn’ Approach
By Lisa Huang | 19/05/2022
Lisa Huang and Shannon Wong offer guidance on making a timely start to compliance with HKMA’s new operational resilience framework.
Market Infrastructure
Capital Outflows Prompt HKMA Intervention to Defend Currency Peg
By Editors | 12/05/2022
The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.
Market Infrastructure
HKMA Sets Timeline for Mandatory Reference Checking Regime
By Sanday Chongo Kabange | 08/05/2022
Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.
Capital / Liquidity
Hong Kong Banks Barred from Suing Defaulting Landlords
By Manesh Samtani | 05/05/2022
For 3 months, lenders may not take action against landlords who default on secured loans as a result of a rental enforcement moratorium being imposed in Hong Kong.
Fintech / Regtech
HKMA Issues Regtech Guide on Adopting AI-based Solutions
By Editors | 02/05/2022
The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.
Fintech / Regtech
SFC Grants In-principle Approval to HashKey Crypto Platform
By Manesh Samtani | 30/04/2022
HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.
HKMA Launches New Initiative to Address Banking Talent Gap
By Editors | 29/04/2022
The initiative is aimed at growing the banking sector talent pool in three areas, namely fintech, green and sustainable finance, and GBA business.
Fintech / Regtech
HKMA Consults on CBDC Policy and Design Choices
By Sanday Chongo Kabange | 28/04/2022
The paper says e-HKD could bring could present challenges to Hong Kong’s currency and financial stability, as well as the city’s role as an international financial centre.
Enforcement
Hong Kong: ICAC Charges Three Over Mortgage Fraud
By Editors | 27/04/2022
A property buyer and two estate agents understated the purchase price so the mortgage would be subject to a lower LTV cap.
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