Hong Kong

The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA's participation in the NGFS.

The BIS Innovation Hub will foster collaboration between central banks and, by extension, help the private sector fully realise 'new economy' opportunities.

The amendments expand the scope of HQLA recognisable as "level 2B assets" under the LCR and introduce a 5% stable funding requirement on total derivative liabilities under the NSFR.

The list of Financial Services Providers identifies major dealers outside Hong Kong that are under the clearing obligation.

According to a government statement, Hong Kong was found to be particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.

From 5 July, intermediaries can access embedded data in client identity documents for onboarding. Captured biometric data such as a facial image can be used for identity verification.

The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.

The ICAC has arrested the former joint head of IPO vetting for HKEX, and two others, for "suspected corruption and misconduct" in relation to the vetting of listing applications.

The SFC has ordered more brokers to stop dealing with and processing assets linked to suspected market manipulation of Ding Yi Feng shares.

Under the rules, authorised institutions are subject to a statutory limit of 25% of capital on financial exposure to any one person or group of related persons.