HONG KONG MONETARY AUTHORITY

    Fintech / Regtech

    AI is Bringing a Generational Change to the RegTech Industry

    By Lukas Petrikas | 07/01/2021

    Artificial intelligence can bring a generational change to the RegTech industry as it strengthens and enhances regulatory and supervisory capabilities, says HKEX’s Lukas Petrikas.

    Enforcement

    SFC Bans CCB Asia Branch Manager for Life

    By Editors | 05/01/2021

    The former manager used a cashier’s order application form pre-signed by a customer to misappropriate HK$3.6mn in April 2019.

    Capital / Liquidity

    HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021

    By Editors | 03/01/2021

    Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.

    AML / KYC

    Hong Kong Launches New Digital Identity Platform ‘iAM Smart’

    By Manesh Samtani | 02/01/2021

    The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.

    AML / KYC

    SFC, HKMA Offer Clarity on Product Disclosure, Suitability Obligations

    By Manesh Samtani | 29/12/2020

    The SFC and HKMA say firms may adopt a risk-based approach to streamline the provision of product disclosures for sophisticated or experienced investors.

    Fintech / Regtech

    Fusion Bank Launches Virtual Banking Services in Hong Kong

    By Editors | 22/12/2020

    The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.

    Press Release

    Regulation Asia: Top Ten News Stories for 2020

    By Editors | 22/12/2020

    This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.

    Securities / Derivatives

    HKMA Surveys PE Firms Seeking to Help Manage HK Growth Portfolio

    By Editors | 21/12/2020

    Interested private equity firms, local and overseas, are invited to take part in the survey on or before 22 January 2021.

    Market Infrastructure

    HKMA Unveils Enhanced Competency Framework on Operational Risk

    By Editors | 20/12/2020

    The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.

    Fintech / Regtech

    HKMA Outlines Regtech Use Cases for Pandemic Environment

    By Editors | 18/12/2020

    In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.

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