Hong Kong
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40HKMA Consults on Contractual Stay Provisions in Financial Contracts
Editors, Regulation Asia January 23, 2020FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.
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82HKMA, BOT Announce Outcomes of Joint CBDC Research
Editors, Regulation Asia January 23, 2020In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.
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304HKMA to Set Up ‘Digitalisation Office’ to Implement Transformation
Editors, Regulation Asia January 22, 2020The progressive development of digitalisation initiatives will bring profound changes to how the HKMA works and further enhance its efficiency, says deputy chief Howard Lee.
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181
HK Banks Pledge Continued Leniency for SME Borrowers
Editors, Regulation Asia January 21, 2020At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.
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215SFC Offers Brokers, Fund Managers Guidance on Risk Governance
Editors, Regulation Asia January 21, 2020Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.
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123Moody’s Downgrades Hong Kong, Citing Lack of Response to Unrest
Editors, Regulation Asia January 21, 2020The absence of an effective response by Hong Kong's government to address the concerns of the population indicate weaker institutional and governance strength.
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220Benchmark Reform: HONIA Beckons but is Hong Kong Ready?
CorporateTreasurer January 20, 2020TMA published feedback from market participants on HONIA as the successor to HIBOR in late December but unlike its US counterpart SOFR, Asian businesses are taking time to adapt.
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165
Review Panel Offers Recommendations for Improving SFC Operations
Editors, Regulation Asia January 17, 2020While welcoming the SFC's front-loaded regulatory approach, the Process Review Panel says the regulator should be aware of its possible unintended effects and consider ways to minimise them.
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404Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement
Editors, Regulation Asia January 17, 2020Hong Kong's SFC and Thailand's SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.
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361HKMA Urges Family Offices to Set Up in Hong Kong
Editors, Regulation Asia January 17, 2020The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.
