Hong Kong Monetary Authority

    Capital / Liquidity

    HKMA Explores Use of Deep Learning for Credit Risk Assessment

    By Editors | 04/07/2022

    A trained model was able to consistently detect corporate credit deterioration at both the transaction level and aggregate level with a three-month lead time.

    ESG / Sustainability

    HKMA to Integrate Climate Risk in Supervisory Processes

    By Editors | 01/07/2022

    Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.

    Capital / Liquidity

    BIS Launches Yuan Liquidity Facility for Central Banks

    By Editors | 28/06/2022

    Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.

    Fintech / Regtech

    Impacts of New PCPD Guidance on Cross-border Data Transfers

    By Albert Yuen | 27/06/2022

    FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.

    Securities / Derivatives

    HKMA, SFC to Proceed With Changes to FSP List

    By Editors | 27/06/2022

    One new entity, Nomura Financial Products Europe GmbH, is being added to the FSP List under the OTC derivatives regime.

    Fintech / Regtech

    HKMA to Prepare Roadmap for Promoting Key Fintech Areas

    By Manesh Samtani | 23/06/2022

    HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.

    Crypto / Digital Assets

    BIS Innovation Hub Outlines Lessons from CBDC Experiments

    By Manesh Samtani | 23/06/2022

    The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.

    Securities / Derivatives

    SFC Cites Conduct, Technology and Climate as Key Priorities

    By Editors | 23/06/2022

    The SFC’s latest annual report highlights work to enhance book building and placing practices, regulate fund trustees and custodians, and enhance climate disclosure for fund investors.

    ESG / Sustainability

    HKMA Asks Banks to Apply Basel Climate Risk Guidance

    By Editors | 22/06/2022

    The HKMA will assess the need to align its supervisory framework with BCBS Principles for managing and supervising climate-related financial risks.

    Crypto / Digital Assets

    BIS Innovation Hub Announces New Set of Projects

    By Editors | 20/06/2022

    The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

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