Hong Kong

New rules governing bank TLAC holdings, concentration risk in sovereign exposures have been gazetted and will be presented before LegCo on 21 November.

The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.

Hong Kong’s data privacy ordinance is conceptually similar to GDPR, but perhaps with ‘smaller teeth’, say Peter Lancos and Jennifer Boyse at Exate Technology.

New regulation could lead to industry consolidation and greater institutional money, said panellists at ASIFMA’s annual conference in Singapore.

The SFC will bring crypto-asset portfolio managers, fund distributors and eventually exchanges under its regulatory net, said Ashley Alder at Hong Kong Fintech Week.

AIMA, Clifford Chance and Herbert Smith Freehills designed the guide to help Hong Kong asset managers better understand the expectations placed upon them and their constituents.

Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.

HKEX will work with Digital Asset to introduce the first blockchain platform for financial services in Hong Kong, said Charles Li in a speech at Hong Kong Fintech Week.

A number of Hong Kong unit trusts are not eligible to be sold in the UK, where regulations require an independent trustee or custodian, according to a Fund Selector Asia report.

DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia's regulators and institutions seek even greater transparency of OTC derivatives markets.