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Market Infrastructure
IFC, HKMA Launch New Alliance to Address Climate Change
By Editors | 09/11/2020
IFC and the HKMA will bring together FIs, associations, research institutions, and technology providers to build capacity for green finance and promote climate investments.
Enforcement
SFC Fines Credit Suisse Securities Over Market Making Errors
By Editors | 09/11/2020
Credit Suisse Securities submitted 17,000 erroneous market making quotes to the market in 8 minutes due to a logic error in its symbol mapping programme.
AML / KYC
SFC Eases Uncertainty Over National Security Law – Report
By Editors | 09/11/2020
Implementing US sanctions is unlikely to be considered a breach of the national security law. The SFC has dropped a plan to force cloud providers to share client data.
Market Infrastructure
HKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund
By Editors | 09/11/2020
Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.
AML / KYC
Hong Kong Lawmaker to Propose Bill to Combat Illegal Wildlife Trade
By Editors | 09/11/2020
The bill will seek to incorporate wildlife crimes into Hong Kong’s Organised and Serious Crimes Ordinance, allowing authorities to follow the money and prosecute syndicate leaders.
Securities / Derivatives
HKEX to Launch Hang Seng TECH Index Futures, Options
By Editors | 05/11/2020
The new contracts will bring new exposure management tools to the market and give greater product coverage of the technology sector in Hong Kong.
Fintech / Regtech
HKMA Seeks ‘Multi-CBDC Platform’ to Enhance Cross-border Payments
By Manesh Samtani | 04/11/2020
Project Inthanon-LionRock with the BOT is entering its second phase, which will have participation from HKEX, 19 banks, and five corporates.
HKMC Extends Fixed-Rate Mortgage Pilot Scheme for One Year
By Sanday Chongo Kabange | 04/11/2020
The scheme provides an alternative financing option for homebuyers to mitigate risks arising from interest rate volatility.
Market Infrastructure
HKMA Launches Upgraded Cybersecurity Fortification Initiative
By Editors | 03/11/2020
CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.
Fintech / Regtech
Hong Kong, China Successfully Connect Trade Finance Platforms
By Manesh Samtani | 03/11/2020
Seven banks have already used the connection to conduct cross-border trade financing transactions, with the total trade value exceeding HK$26mn.
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