ADVERTISEMENT
Hong Kong
Securities / Derivatives
HKMA, SFC Call on Firms to Ensure Readiness for US Move to T+1
By Editors | 28/03/2024
Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.
Crypto / Digital Assets
HSBC Launches Tokenised Gold Product in Hong Kong
By Editors | 28/03/2024
The product allows investors to acquire fractional ownership of physical gold represented by tokens recorded on a distributed ledger.
ESG / Sustainability
HKMA Urges Banks to Utilise GHG Reporting Tools
By Sanday Chongo Kabange | 27/03/2024
The HKMA called on banks to make use of the two new GHG reporting tools launched by the Cross-Agency Steering Group last month.
ESG / Sustainability
Hong Kong Reinforces Commitment to ISSB-aligned Sustainability Disclosures
By Editors | 26/03/2024
The HKICPA will lead the work to develop local sustainability reporting standards along with complementary application and implementation guidance.
AML / KYC
HK-based Certizen Technology Becomes LEI Validation Agent
By Editors | 26/03/2024
Certizen Technology’s new status will help to ease and streamline LEI issuance, allow LEI data elements to be embedded in digital certificates, and help promote cross-border trade.
Securities / Derivatives
HKMA, SFC Planning Sept 2025 Rollout of New Derivatives Reporting Regime
By Manesh Samtani | 25/03/2024
HKMA and SFC propose to adopt a ‘big bang’ approach to implementation, rolling out the UTI, UPI, CDE and ISO 20022 requirements on 29 September 2025.
AML / KYC
Achieving Effectiveness in AML is a Shared Mission: HKMA’s Carmen Chu
By Bradley Maclean | 25/03/2024
Ms Carmen Chu discusses Hong Kong’s threat landscape, HKMA’s efforts to improve industry effectiveness, and key messages for FIs on collaboration and the use of technology.
Big Picture
New Mediums of Exchange Will Add to HK’s GDP: Report
By Manesh Samtani | 25/03/2024
BCG, DLA Piper, HKT Payment Limited, paywith.glass, VSFG and ZA Bank say CBDC, tokenised deposits and stablecoins will add HK$160bn to Hong Kong’s GDP by 2032.
Capital / Liquidity
HK LegCo Reviews Legislation to Implement RBC Regime for Insurers
By Editors | 22/03/2024
The legislation covers revised qualifications for actuaries and the fees and levies payable to the IA. The new regime will commence from 1 July 2024.
Hong Kong to Raise Bank Licence Fees Nearly 30%
By Manesh Samtani | 22/03/2024
An HKMA review concluded that the proposed increase in fees should be “manageable” for affected financial institutions.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.