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Operational Risk
HKMA Proposes New Guidance on Operational Resilience
By Manesh Samtani | 23/12/2021
Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
Anti-Money Laundering
Regulation Asia: Top 20 News Stories for 2021
By Editors | 23/12/2021
This list presents the most-read new stories published by Regulation Asia in 2021, based on aggregated user traffic analytics.
Capital Adequacy
HKMA Consults on Local Adoption of Pillar 3 Disclosure Requirements
By Manesh Samtani | 23/12/2021
The HKMA proposes to implement almost all the Pillar 3 disclosure requirements, including leverage ratio and market risk disclosure requirements.
CBDCs
PBOC to Connect Digital Yuan to HK Faster Payment System
By Sanday Chongo Kabange | 22/12/2021
The second phase of the ongoing CBDC trails between the Mainland and Hong Kong will involve connecting e-CNY wallets to Hong Kong’s FPS.
Payments & Settlements
HKMA Directs Banks to Use Name Matching in Fund Transfers
By Editors | 21/12/2021
Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.
Trading & Investment
HKMA Directs Banks to Observe Latest FX Global Code
By Mark Johnston | 21/12/2021
Banks are expected to review their practices to ensure observance of the FX Global Code and renew the Statement of Commitment by 15 July 2022.
Anti-Money Laundering
HKMA Fines ePaylinks Technology for AML/CTF Breaches
By Editors | 20/12/2021
SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.
Data Privacy
HKMA Sets Targets for Launch of New Credit Reference Platform
By Manesh Samtani | 19/12/2021
The new platform will serve as an interface for credit providers and CRAs to share credit data, as Hong Kong prepares to introduce additional CRAs in the city.
Sustainable Finance
HK Steering Group Announces Next Steps in Green Transition
By Editors | 18/12/2021
HKMA to develop new ECF module on Green and Sustainable Finance. Steering Group to explore local taxonomy and voluntary carbon market.
Clearing & Post-Trade
HKMA, SFC Consult on Calculation Periods for OTC Derivatives Clearing
By Editors | 16/12/2021
The existing list of calculation periods will be exhausted in about one year’s time. The HKMA and SFC propose to add eight similar calculation periods to the clearing rules.
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