HONG KONG MONETARY AUTHORITY

Securities / Derivatives

Hong Kong and UAE to Connect Debt Capital Markets

By Editors | 24/12/2024

HKMA and CBUAE aim to “allow seamless and cost-effective cross-border debt securities issuance, trading, investment, settlement as well as collateral management.”

Fintech / Regtech

HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI

By Sanday Chongo Kabange | 22/12/2024

HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform.

Market Infrastructure

HKMA Requiring Banks to Develop Capability to Switch Between CRAs

By Sanday Chongo Kabange | 20/12/2024

Retail banks must have agreements in place with more than one CRA by Jan 2025 and complete switch-over testing within Q2 2025

Fintech / Regtech

HKMA Announces First Batch of GenAI Sandbox Participants

By Sanday Chongo Kabange | 20/12/2024

15 use cases from 10 banks and 4 technology partners were selected. Technical trials will commence in early 2025.

ESG / Sustainability

HKMA Issues New Guidance for Banks on Transition Planning

By Manesh Samtani | 17/12/2024

The guidance covers governance, implementation strategy, engagement strategy, metrics and targets, data collection, scenario analysis, and disclosure/communication.

Capital / Liquidity

HKEX to Accept CGBs as Collateral for Swap Connect from 13 Jan

By Sanday Chongo Kabange | 17/12/2024

From 13 January, China government bonds held through Bond Connect can be used as collateral for Northbound Swap Connect.

Capital / Liquidity

HKMA Publishes Five Revised SPM Modules in Gazette

By Editors | 17/12/2024

The revised modules mainly include updates to cater for the implementation of Basel III rules on exposure limits and liquidity.

Capital / Liquidity

HKMA Issues Supplementary Guidance on Revised Credit Risk Framework

By Editors | 16/12/2024

The HKMA said the new supplementary guidance is intended to facilitate “consistent application” of the revised credit risk framework.

Capital / Liquidity

HKMA Issues Revised Guidelines on Fair Value Practices

By Editors | 16/12/2024

The revisions are mainly to better align with the “Prudent valuation guidance” under CAP50 of the Consolidated Basel Framework.