Hong Kong

Capital / Liquidity

HKMA Issues Revised Capital Adequacy Ratio Return

By Editors | 12/07/2022

The changes are mainly to cater for banks’ reporting of equity investments in funds in accordance with the requirements that came into effect on 1 July.

AML / KYC

Hong Kong Publishes ML/TF Risk Assessment Report

By Manesh Samtani | 12/07/2022

The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.

HKMA Issues Bank Guidance on Selling Protection Linked Plans

By Editors | 12/07/2022

Banks should discuss their plans for selling PLP with the HKMA and the details of pre-implementation reviews conducted by an independent party.

Market Infrastructure

HK Banks Must ‘Fully’ Participate in New Credit Reference Platform

By Manesh Samtani | 11/07/2022

The new platform, expected to be launched by year-end, will serve as an interface for lenders and CRAs to share consumer credit information.

Capital / Liquidity

HKMA Consults on Implementation of Basel III Reforms

By Editors | 08/07/2022

The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.

Securities / Derivatives

Alder to Leave SFC to Take Up Role as FCA Chair

By Editors | 08/07/2022

Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.

HKMA Joins International Financial Consumer Protection Organisation

By Editors | 07/07/2022

FinCoNet’s membership includes more than 30 regulators responsible for financial consumer protection around the world.

Securities / Derivatives

FIA Highlights Challenges of HKEX Position Limits Proposals

By Sanday Chongo Kabange | 07/07/2022

The introduction of two more tiers in the position limit regime for single stock options and futures would bring additional operational challenges for exchange participants.

Securities / Derivatives

HKEX Launches New Digital Investor Relations Platform

By Editors | 06/07/2022

IR Connect provides listed companies free access to shareholder analysis, market data, key stock statistics, research ratings, and competitor information.