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Enforcement
SFC Proposes SFO Revisions to Improve Enforcement Tools
By Sanday Chongo Kabange | 13/06/2022
The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.
HKMA Invites Global Banks to November Summit in Hong Kong
By Editors | 10/06/2022
The two-day summit is reportedly aimed at reversing an exodus of financial talent from Hong Kong after more than two years of Covid-19 measures.
Market Infrastructure
HKEX Issues Final Guidance Ahead of VaR Platform Launch
By Editors | 09/06/2022
The information package will help clearing participants make final preparations for the launch of the new new risk engine on 13 June.
Capital / Liquidity
CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA
By Sanday Chongo Kabange | 08/06/2022
The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.
ESG / Sustainability
Five Banks Join HKMA-IFC Green Banking Initiative
By Editors | 08/06/2022
BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.
Crypto / Digital Assets
Hong Kong SFC Issues Warning on NFT-related Risks
By Editors | 06/06/2022
Some NFTs have ‘crossed the boundary’ between a collectible and a financial asset, which would bring them under the SFC’s remit and require licensing.
HSBC, Hang Seng Suffer Internet Banking, ATM Disruption
By Editors | 06/06/2022
Finance sector legislator Chan Chun-ying said he expects the HKMA to demand detailed reports on the incident from the two banks.
Fintech / Regtech
HKMA to Consult on BNPL Protections in ‘Coming Months’
By Sanday Chongo Kabange | 04/06/2022
Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.
Securities / Derivatives
HKEX to Revise Position Limits for Single Stock Options, Futures
By Editors | 02/06/2022
HKEX also proposes to remove the additional position limits that apply to mini-HSI and mini-HSCEI futures and options contracts.
Market Infrastructure
HK Banks Given Four Years to Achieve Operational Resilience
By Manesh Samtani | 01/06/2022
The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
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