HONG KONG MONETARY AUTHORITY

    Market Infrastructure

    Exploring APAC’s Emerging Data-Intensive Regulatory Environment

    By Swati Kothari | 15/11/2019

    APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.

    Press Release

    Regulation Asia Awards: DTCC Wins Market Infrastructure of the Year

    By Editors | 14/11/2019

    The DTCC has been awarded Market Infrastructure of the Year in the 2nd Regulation Asia Awards for Excellence 2019.

    Enforcement

    SFC Bans Former HSBC Relationship Manager for One Year

    By Editors | 07/11/2019

    The former relationship manager used incomplete application forms pre-signed by the client to effect unit trust transactions without specific authorisation.

    Big Picture

    Fintech Week: HKMA Announces New Fintech Initiatives

    By Manesh Samtani | 07/11/2019

    As part of an ecosystem approach to fintech development, HKMA chief Eddie Yue wants to work with FIs, end users and technology firms to drive innovation in financial services.

    Market Infrastructure

    China, Hong Kong to Establish Wealth Management Connect Scheme

    By Editors | 07/11/2019

    The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.

    Fintech / Regtech

    HKMA Emphasises Consumer Protection in Big Data Analytics, AI Use

    By Editors | 06/11/2019

    New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.

    Fintech / Regtech

    Hong Kong Enables Govt Bill Payment Via FPS QR Code

    By Editors | 04/11/2019

    Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.

    Fintech / Regtech

    HKMA Offers High-level Guidance for Banks on AI Use

    By Editors | 02/11/2019

    The high-level principles cover governance, application design and development, and ongoing monitoring and maintenance of banks’ AI applications.

    Market Infrastructure

    Transitioning Away from IBORs: The View from Asia

    By Garima Chitkara | 30/10/2019

    Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.

    Fintech / Regtech

    HKMA Stresses Consumer Protection Ahead of Open Banking Phase II

    By Editors | 30/10/2019

    The HKMA outlines its expectations for the consumer protection practices financial institutions should adopt for Open API Phase II and beyond.

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