HONG KONG MONETARY AUTHORITY

    Capital / Liquidity

    Banks Sufficiently Capitalised to Pay Dividend, says RBA Governor

    By Manesh Samtani | 22/04/2020

    Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.

    Capital / Liquidity

    HKMA Introduces USD Facility, Postpones Supervisory Stress Tests

    By Manesh Samtani | 22/04/2020

    $10bn will be available to banks under the USD liquidity facility. The stress tests are being postponed to 2021 to free up banks’ operational capacity.

    Capital / Liquidity

    Hong Kong’s Banking Exposure Limit Rules: Implementation Challenges

    By Gregory Achache | 21/04/2020

    Many banks have merely instituted stopgap measures and temporary manual solutions to comply with BELR so far, say Synpulse’s Gregory Achache and Tim Alvner.

    HKMA, Banks to Launch Debt Payment Holiday Scheme for Corporates

    By Editors | 18/04/2020

    All corporate customers with annual turnover under HK$800mn and with no outstanding loan payments more than 30 days overdue are eligible for the principal payment holiday.

    Hong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch

    By Editors | 17/04/2020

    Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.

    Capital / Liquidity

    HKMA Reduces AIs’ Regulatory Reserve Requirement

    By Editors | 08/04/2020

    The regulatory reserve release should be used to support customers impacted by Covid-19, and not to distribute dividends, buy back shares or pay bonuses.

    AML / KYC

    HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges

    By Editors | 07/04/2020

    AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.

    Fintech / Regtech

    In-Depth: Making Sense of Digital Bank Policy

    By Jamie Lloyd Evans | 07/04/2020

    Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

    Capital / Liquidity

    HKMA Sets Out Treatment of Loans Under 100% Guarantee Scheme

    By Editors | 06/04/2020

    IRB AIs should seek the HKMA’s exemption approval to apply the standardised approach for SME loans granted under the 100% Guarantee Scheme.

    Capital / Liquidity

    HKMA Frees Up Regulatory Reserves, Liquidity Buffers for Banks

    By Editors | 05/04/2020

    Regulatory reserves held against possible credit losses will be reduced by half. Banks are encouraged to use liquidity buffers built up under the LCR and LMR regimes.

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