Hong Kong

AML / KYC

HKMA Publishes Initial Observations from AMLab Series

By Manesh Samtani | 02/10/2022

The HKMA plans to run a network analytics-themed AMLab again later this year to give more banks an opportunity to take part.

ESG / Sustainability

ISDA Analyses Regulatory Treatment of SLDs in Hong Kong

By Editors | 02/10/2022

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

Capital / Liquidity

HKMA Consults on Pillar 3 Disclosure Requirements for Basel III

By Editors | 30/09/2022

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

Securities / Derivatives

HKMA Unveils Details of Financial Forum to be Held in November

By Manesh Samtani | 29/09/2022

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

Enforcement

SFC Suspends Hedge Fund Manager for Two Years

By Editors | 29/09/2022

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

Crypto / Digital Assets

BIS Announces Successful Completion of mBridge CBDC Pilot

By Editors | 29/09/2022

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

AML / KYC

SFC Shines Regulatory Spotlight on Online Platforms

By Hannah Cassidy | 28/09/2022

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

HKMA Launches Enhanced Competency Framework on Compliance

By Editors | 28/09/2022

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

Fintech / Regtech

HKMA Launches Fintech Training Subsidy Scheme

By Editors | 26/09/2022

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