The cloud-based platform will enable banks to assess physical risk for specific property exposures over different time horizons and climate scenarios.
Testing of the service for the securities market is complete. Firms are encouraged to join a practice session on 9 March to ensure readiness for the launch.
$56mn in crypto was removed from the exchange before it stopped processing transactions and responding to user queries.
The SFC is seeking orders requiring the former chairman and 20 others to compensate investors for losses suffered as a result of a 2018 price manipulation scheme.
HKMA's Darryl Chan said the Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.
Around a quarter of WMC investors intend to invest CNY 1 million or more via the Scheme in the next 12 months.
The guidance focuses on the portfolio-based approach to suitability assessment, which HKMA says improves efficiency in the selling process.
The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).
The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.
HKFE has obtained regulatory approval to include currency futures and options in derivatives holiday trading from 29 March.
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