The MoU covers collaboration to support capital market connectivity, conduct joint research, and enhance cross-border investments, among other areas.
The HKMA is seeking to extend FINEST, a bank-to-bank information sharing platform launched in June, to allow sharing of personal account information.
The SFC will explore potential connect initiatives with other markets, embrace tokenisation of traditional products, and introduce AI in its workflows.
Consistent regulatory approach globally and technical standardisations across different blockchains will be key to widespread adoption of stablecoins.
The circularisation exercise and internal control review will help to identify potential misconduct such as misappropriation of client assets.
The planned solution will be able to extract data from social media and websites and use NLP to analyse market sentiment and risks associated with banks.
The Hong Kong Association of Banks will set up a task force to explore options for encouraging cheque users to shift to digital payments.
28 banks in Hong Kong have already registered, completed testing, and will begin using Sender IDs from 28 January 2024.
Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.
Paper finds that funds with high climate risk exposure can face larger redemption pressures which can translate into financial stability risks.
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