AML / KYC

HK Banks Introducing Biometrics Expected to Comply With IT Upgrade Guidelines

17/04/2018

Secretary for Financial Services and the Treasury expects banks to comply with requirements of HKMA personal data privacy ordinance.

Capital / Liquidity

Financial System Resilient but Concerns Remain – RBA

17/04/2018

Australia’s Financial Stability Review says risks easing, financial system resilient; but dangers remain on household debt, weak risk control and poor culture at banks.

Capital / Liquidity

China Restricts Borrowings, Suspends OTC Options to Curb Brokerage Risks

16/04/2018

Central bank will cap outstanding balances of short-term financing tools at 60% of a brokerage’s net capital; cap to be adjusted every six months based on brokers’ liquidity profiles.

Securities / Derivatives

HK Brokers Face Cost Squeeze from Cybersecurity Guidelines

30/10/2017

Brokers will be required to use 2FA for client log-ins; implement raft of new measures including management responsibility, stress tests.

AML / KYC

Dangers in Banks Supply Chain Facilitation

19/10/2017

Why supporting supply chain activity could be a regulatory and reputational minefield for banks.

Cybersecurity – HK SFC’s Top Priority to Soon Become the Same for Senior Managers

23/05/2017

New rules likely soon after SFC consultation as WannaCry underscores need for protection.

China’s Absence from FSB Shadow Banking Data

14/05/2017

Domestic authorities’ actions, relative isolation of currency insulate global financial system from China risk.

Fintech / Regtech

Hong Kong Pitches for Regtech Leadership

13/04/2017

Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.