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Securities / Derivatives
Hong Kong Issues First Euro Denominated Green Bonds
By Sanday Chongo Kabange | 22/11/2021
A 20-year tranche issued under the Green Bond Programme is the longest tenor euro-denominated bond issued by an Asian government to date.
HKMA Restricts Data Sharing for Direct Marketing Purposes
By Manesh Samtani | 22/11/2021
Banks may not share customers’ personal data with third parties including their own group companies for direct marketing purposes.
AML / KYC
The Rising Standards of AML/CFT Compliance in Hong Kong
By Susanne Harris | 22/11/2021
Mayer Brown’s Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021.
HKMA Concludes First Phase of Front Office Incentives Review
By Manesh Samtani | 22/11/2021
Preliminary observations from the review show that banks are increasingly considering both financial and non-financial factors when designing incentive systems.
Enforcement
HKMA Penalises Four Banks for AML Violations
By Editors | 21/11/2021
ICBC (Asia), UBS, CCB (Asia) and CTBC Bank were fined a combined HK$44.2mn for deficiencies in customer monitoring, periodic reviews and due diligence.
Fintech / Regtech
HK, Mainland Expand Connectivity of Trade Finance Platforms
By Editors | 09/11/2021
Phase 1 connectivity supported exports to Hong Kong and imports from the Mainland, while phase 2 will cover exports to the Mainland and imports from Hong Kong.
Capital / Liquidity
HKMA Finalises Guidance on Implementing OCIR Arrangements
By Sanday Chongo Kabange | 08/11/2021
In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.
Market Infrastructure
Hong Kong to Issue First HONIA Floating Rate Notes
By Manesh Samtani | 08/11/2021
The issuance is aimed at encouraging the private sector to issue similar products and develop of other HONIA-linked instruments.
HK Steering Group Reaffirms Green Finance Hub Ambitions
By Editors | 07/11/2021
The Steering Group welcomed initiatives from the IFRS Foundation and IPSF, saying it will continue efforts to develop Hong Kong into a carbon trading hub.
AML / KYC
HKMA Launches AMLab Series to Experiment with Network Analytics
By Editors | 07/11/2021
Five banks will work with data experts to experiment with the use of data analytics and network diagrams in identifying suspected money mules.
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