Hong Kong Monetary Authority

Credit Risk

HK Banks Extend Repayment Deferment for Trade Facilities

By Editors | 12/01/2022

The HKMA cited uncertainties caused by the spread of Covid-19 and global supply chain disruptions that are continuing to pressure corporates.

Climate Risk

HKMA Unveils Results of Climate Risk Stress Tests

By Manesh Samtani | 03/01/2022

The HKMA has also finalised its guidance on climate risk management, giving banks until end-2022 to implement the new measures.

Conduct, Culture & Accountability

HK Regulators to Assess Sales Practices of Tax-deductible Products

By Mark Johnston | 03/01/2022

A mystery shopping programme is being launched by the HKMA, MPFA and IA to assess the extent to which statutory and regulatory objectives are being met by intermediaries.

Payments & Settlements

HKMA Endorses Proposal to Better Protect Mortgage Borrowers

By Editors | 31/12/2021

The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.

Resolution & Recovery

HKMA Issues Guidance on Compliance with ‘Stay Rules’

By Editors | 30/12/2021

The HKMA may issue directions to banks or their holding companies if it believes non-compliance with the Stay Rules (including by a related company) may impede orderly resolution.

CBDCs

BOT to Delay Testing of Retail CBDC to Late 2022

By Editors | 30/12/2021

After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.

Capital Adequacy

HKMA Removes Bank of East Asia from D-SIBs List

By Editors | 28/12/2021

The Bank of East Asia was no longer identified as a D-SIB in the assessment considering its systemic importance relative to other institutions, the HKMA said.

Structural Regulation

HKMA Moves to Reduce LIBOR-related Reporting Frequency

By Editors | 24/12/2021

The move from monthly reporting back to quarterly reporting means the next reporting position after December 2021 will be March 2022.

Cloud & Infrastructure

HKMA Asks Banks for ‘Active Participation’ in CDI Initiative

By Editors | 23/12/2021

The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.