HONG KONG MONETARY AUTHORITY

Fintech / Regtech

Open Banking Security Risks May Open Pandora’s Box

By Peter Lancos | 09/05/2019

The open banking initiative could be put in jeopardy if data is not sufficiently secured, say Peter Lancos, Jonathan Naismith and Suraj Nittoor at Exate Technology.

Securities / Derivatives

HKMA Launches Green and Sustainable Banking Initiative

By Manesh Samtani | 08/05/2019

The measures include the development of a common framework and methodology for banks to assess how ‘green’ they are, and requirements to meet supervisory targets in this regard.

Fintech / Regtech

HKMA Urges ‘Data Ethics’ in FinTech Development

By Manesh Samtani | 06/05/2019

The HKMA encourages authorised institutions to adopt the PCPD’s Ethical Accountability Framework in the development of fintech products and services.

Market Infrastructure

Hong Kong, China Framework Comparison – Investment Suitability

By Prasanna Venkatesan | 01/05/2019

Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai compare the investment suitability frameworks of Hong Kong and mainland China, and their pain points.

Fintech / Regtech

Eight Firms Pass Initial Screening for GFIN Cross-Border Testing Pilot

By Manesh Samtani | 30/04/2019

Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.

Securities / Derivatives

Hong Kong Proposes Enhancements to OTC Derivatives Regime

By Manesh Samtani | 29/04/2019

In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.

Market Infrastructure

Culture & Conduct: the Global Regulatory Agenda

By Jeffrey Kupfer | 29/04/2019

The UK FCA has been a definitive leader in driving the global supervisory agenda in relation to culture and conduct risk, say Jeff Kupfer and Stephen Scott at Starling Trust Sciences.

Big Picture

Closer Cooperation Key to Greater Bay Area Success – FTAHK

By Manesh Samtani | 28/04/2019

There are significant opportunities for cross-border collaboration and integration across the Greater Bay Area, the FinTech Association of Hong Kong says in a new report.

Uncategorised

HKMA, SFC Find Opaque Financing Practices at Mainland Owned Banking Group

By Editors | 25/04/2019

Coordinated inspections found that a licensed corporation owned by a subsidiary as well as a bank within a Mainland-based group had adopted “complex, opaque financing arrangements”.