Capital / Liquidity

HKMA Rebuts BOE Claim of Hong Kong Fund Outflows

19/12/2019

The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city’s banking system.

Securities / Derivatives

HKEX to Include Climate Risk Disclosures in ESG Framework

19/12/2019

Listed companies will have to disclose climate-related issues on a ‘comply or explain’ basis, HKEX said in its conclusions from a May consultation to update its ESG reporting framework

Securities / Derivatives

SFC Concludes Consultation on OTC Derivatives Margin Requirements

19/12/2019

IM requirements will be phased in for firms with AANA exceeding HK$375bn starting from 1 September 2020, the same date VM requirements take effect.

Big Picture

Asian Benchmark Administrators Face ‘Perfect Storm’ in 2021

17/12/2019

The BMR transition period is now scheduled to end alongside LIBOR’s discontinuation, creating a “perfect storm” of regulatory change for benchmark administrators and users at end-2021.

ESG / Sustainability

Asset Managers Looking to Boost ESG, Climate Efforts: SFC

17/12/2019

There is significant interest among asset management firms to step up their ESG efforts and management of environmental and climate risks, an SFC survey has found.

Big Picture

RegTech Association Flags Under-Investment in Australian Regtech

12/12/2019

Despite Australia having everything needed to be a global RegTech leader, mainstream adoption is being stymied by an equity gap, says new research from the RegTech Association.

AML / KYC

BCBS Solicits Comments on Prudential Treatment for Crypto Assets

12/12/2019

The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.

Capital / Liquidity

HKMA Defends Against Rumours of Hong Kong Stability Risks

12/12/2019

The HKMA has not seen any large-scale outflow of funds from Hong Kong and the banking system had sufficient capital and liquidity to withstand any impact.

Big Picture

No Immediate Financial Stability Risks from Cloud Services: FSB

10/12/2019

While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.