HONG KONG

AML / KYC

HK Regulator, Police, Banks Set up Financial Crime Taskforce

By Editors | 28/05/2017

12-month pilot to work on ‘detection, prevention and disruption’; HKMA also joins Financial Security Expert Alliance with PBOC, Macau central bank.

Market Infrastructure

HK Market Infrastructures Pass CPMI-IOSCO Test With Aplomb

By Samuel Riding | 25/05/2017

Study confirms frameworks for payment and securities settlement systems, CCPs and trade repositories meet PFMI.

Cybersecurity – HK SFC’s Top Priority to Soon Become the Same for Senior Managers

By JP Reimann | 23/05/2017

New rules likely soon after SFC consultation as WannaCry underscores need for protection.

Capital / Liquidity

HKMA Introduces More Mortgage Curbs

By Samuel Riding | 22/05/2017

Home prices have surpassed 2015 peak, transaction volume more than doubled from January to April.

Capital / Liquidity

HKMA Warns of ‘Moral Hazard’ in Lending to Developers

By Samuel Riding | 15/05/2017

Banking regulator says developers offering excessive LTV, not properly assessing repayment ability.

AML / KYC

SFC Launches Robo-advice Consultation

By Samuel Riding | 08/05/2017

Proposed rules cover governance, suitability requirements and complex product sales.

Market Infrastructure

HK SFC Warns on ‘Phantom’ Brokerages

By Samuel Riding | 08/05/2017

Executive director for intermediaries says regulator will sanction or ban dormant firms.

Capital / Liquidity

HKMA Issues Annual Report

By Samuel Riding | 04/05/2017

Complaints against AIs up 9%, 1,729 cases completed; central bank warns on liquidity risk.

Securities / Derivatives

Trades with Vietnam, Pakistan, Taiwan to be Exempt from HK OTC Reporting Requirements

By Samuel Riding | 28/04/2017

Securities law won’t be amended until October; firms asked to contact regulators if they cannot meet 1 July deadline.