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Market Infrastructure
Risks to Hong Kong Outlook Tilted to Downside: IMF
By Editors | 02/01/2020
However, robust policy frameworks and ample buffers will help the Hong Kong economy weather the challenges ahead.
Capital / Liquidity
HKMA D-SIBs List Unchanged, HLA Requirement Adjusted for Two Banks
By Editors | 28/12/2019
Compared with the December 2018 list, the HLA requirement has increased for Standard Chartered and decreased for Hang Seng Bank.
AML / KYC
APAC Wealth Migration Trends Heighten Financial Crime Risk
By Joseph Quiazon | 28/12/2019
APAC regulators are looking to FIs and their technology to guard against increasingly sophisticated criminal activity as wealth migration accelerates, says Joseph Quiazon at Exiger.
Fintech / Regtech
HKMA Publishes Highlights from First AML/CFT RegTech Forum
By Manesh Samtani | 27/12/2019
Access to quality data and a more proactive knowledge sharing approach are critical to moving to intelligence-led methods in financial crime risk management.
Fintech / Regtech
HKMA Publishes Report on AI Adoption by Hong Kong Banks
By Manesh Samtani | 24/12/2019
The lack of employees with AI expertise was cited by 70% of respondents as the top barrier to AI adoption, according to a survey.
Press Release
Regulation Asia: Top Ten News Stories for 2019
By Editors | 20/12/2019
This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.
Capital / Liquidity
HKMA Rebuts BOE Claim of Hong Kong Fund Outflows
By Manesh Samtani | 19/12/2019
The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city’s banking system.
Fintech / Regtech
UPDATED – ZA Bank Becomes First HK Virtual Bank to Launch Pilot Services
By Editors | 19/12/2019
ZA Bank, backed by ZhongAn and Sinolink Group, has launched services for 2,000 selected users to test under the HKMA’s sandbox mechanism.
Securities / Derivatives
SFC Concludes Consultation on OTC Derivatives Margin Requirements
By Manesh Samtani | 19/12/2019
IM requirements will be phased in for firms with AANA exceeding HK$375bn starting from 1 September 2020, the same date VM requirements take effect.
Capital / Liquidity
HKMA Moderates Approach to Implementing Market Risk Framework
By Editors | 18/12/2019
The HKMA says it will finalise Hong Kong’s timeline when there is more clarity on the implementation status in other major jurisdictions.
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