Hong Kong

The hedge fund manager used non-public information from a market sounding call to trade short swaps on a KRX-listed stock.

The paper considers how SLDs would be classified and regulated, and the compliance issues for market participants to consider when executing SLDs.

Following consultation, the HKMA plans to submit revisions to the disclosure requirements in early 2023, ahead of Basel III implementation on 1 July 2023.

Financial Secretary Paul Chan said this week that "bold reforms" are in the pipeline to attract talent and enterprises to the city.

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Hannah Cassidy and Natalie Curtis discuss key areas of concern for the SFC in relation to the online platforms operated by licensed firms.

The ECF-Compliance establishes a set of common and transparent competency standards for practitioners working in banks' compliance functions.

The scheme will provide training subsidies to around 1,500 industry practitioners who have attained professional qualifications in fintech.

Banks must stress test mortgage borrowers' debt servicing ability assuming a 200 bps rise in the mortgage rate, rather than 300 bps.

The guidance emphasises the need for due diligence of third-party service agents, ongoing monitoring, and prompt reporting of incidents.