Hong Kong

AML / KYC

APAC Regulators Driving Digital Transformation

By Rachel Woolley | 16/07/2020

The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo’s Rachel Woolley.

Securities / Derivatives

FSDC Proposals to Advance Hong Kong as Family Office Hub

By Editors | 15/07/2020

The Financial Services Development Council has identified four areas where reform is needed to make Hong Kong a “more conducive operating environment” for family offices.

AML / KYC

Trump Executive Order Opens China to Sanctions Over Hong Kong

By Manesh Samtani | 15/07/2020

Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.

AML / KYC

Sustainable Supply Chains and the Role Banks Play

By Editors | 14/07/2020

Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.

Market Infrastructure

ASIFMA Publishes IBOR Transition Guide for Asia

By Editors | 14/07/2020

The guide provides an overview of issues for FIs to consider in their LIBOR transition programmes and an implementation checklist.

ESG / Sustainability

FSDC Proposes Measures to Advance Hong Kong as ESG Hub

By Editors | 14/07/2020

Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.

Market Infrastructure

Thailand Proposes Rule Changes to Enable Hong Kong MRF

By Editors | 13/07/2020

The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.

Market Infrastructure

HKMA Proposes New Code of Practice for Banks’ Trust Companies

By Manesh Samtani | 13/07/2020

The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.

Market Infrastructure

HKMA Sets Out Key LIBOR Transition Milestones for Banks

By Manesh Samtani | 12/07/2020

Fall-back provisions should be in place by January 2021, and authorised institutions should cease to issue new LIBOR-linked products maturing after 2021 by 30 June 2021.