Hong Kong

HKMC Signs Infrastructure Financing MoUs with Five Banks

By Manesh Samtani | 22/03/2021

The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.

Fintech / Regtech

HKMA Outlines Regtech Use Cases for Treasury Operations

By Editors | 21/03/2021

The use cases presented include solutions to detect rogue trading activities, standardise derivatives trading lifecycle events, and enhance liquidity risk monitoring.

AML / KYC

US Sanctions 24 Officials Over Hong Kong Electoral Changes

By Editors | 19/03/2021

Foreign financial institutions that knowingly conduct significant transactions with the 24 individuals are subject to sanctions.

Market Infrastructure

HKMA Urges Continued Progress on LIBOR Transition Efforts

By Manesh Samtani | 18/03/2021

The HKMA’s Edmond Lau highlighted three essential elements for LIBOR transition: operational and system capabilities, effective coordination; commitment from top management.

AML / KYC

SFC Fines Yardley Securities for AML/CFT Breaches

By Editors | 17/03/2021

Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.

Big Picture

New Report Explores Outlook for Hong Kong Virtual Banks

By Editors | 17/03/2021

The paper features case studies of  Revolut and Tinkoff Bank, as well as insights from interviews with all eight Hong Kong virtual banks.

Market Infrastructure

HKMA to Commence Review of Front Office Incentive Systems

By Manesh Samtani | 17/03/2021

The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.

Securities / Derivatives

Hong Kong to Further Develop Structured Credit Markets

By Manesh Samtani | 17/03/2021

Structured credit products can help to raise green capital from international investors to support China’s transition to its 2060 carbon neutrality target.

Securities / Derivatives

HKEX Sets Launch Date for Mini USD/CNH Futures

By Editors | 16/03/2021

The new contract will provide investors additional risk management tools, help them optimise their capital efficiency, and support the RMB’s internationalisation.