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Alternative Markets
HKMA Surveys PE Firms Seeking to Help Manage HK Growth Portfolio
By Editors | 21/12/2020
Interested private equity firms, local and overseas, are invited to take part in the survey on or before 22 January 2021.
Operational Risk
HKMA Unveils Enhanced Competency Framework on Operational Risk
By Editors | 20/12/2020
The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.
Operational Risk
HKMA Outlines Regtech Use Cases for Pandemic Environment
By Editors | 18/12/2020
In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.
Sustainable Finance
Hong Kong Launches Strategic Plan for Greener Financial Ecosystem
By Manesh Samtani | 17/12/2020
A cross-agency steering group has announced a green and sustainable finance strategy for Hong Kong and five key action points.
Market Risk
HKMA Consults on Implementation of Revised CVA Risk Framework
By Editors | 17/12/2020
The revised CVA risk capital framework is likely to have significant impacts on banks, particularly for those with material CVA risk exposures, the HKMA says.
KYC & CDD
Hong Kong Set to Tighten Rules for Digital Wallets July 2021
By Editors | 15/12/2020
Non-real-name account holders will not be able to transfer money to other banks or e-wallets, or make cross-border remittances.
Trading & Investment
PBOC, HKMA Explore Southbound Leg for Bond Connect
By Editors | 09/12/2020
The PBOC and HKMA will form a working group to study the framework for a southbound leg of Bond Connect. No timelines have been set.
Climate Risk
HKMA Invites Banks to Participate in Climate Stress Testing Pilot
By Editors | 07/12/2020
Participating banks will need to assess physical risk and transition risk separately under different scenarios, and evaluate the financial impact in both the short term and long term.
CBDCs
HKMA, PBOC Prepare for Cross-border Testing of Digital Yuan
By Manesh Samtani | 06/12/2020
The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.
Payments & Settlements
HKMA Unveils New FPS Feature Allowing Link to HKID
By Sanday Chongo Kabange | 02/12/2020
From 6 December onwards, individuals can link their HKID numbers to a bank account to conveniently receive payments, the HKMA said.
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