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Credit Risk
The Case for an Alternative Credit Scoring Ecosystem in Hong Kong
By Manesh Samtani | 03/11/2020
A new whitepaper commission by the HKMA describes alternative credit scoring and how it works, and explains why it can help the banking industry and MSMEs.
Cloud & Infrastructure
HKMA to Target Accelerated RegTech Adoption in 2021
By Manesh Samtani | 03/11/2020
The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.
Cloud & Infrastructure
BIS Innovation Hub, HKMA Announce TechChallenge Winners
By Editors | 02/11/2020
The winning proposals hold ‘great potential’ for addressing some long-standing pain points of the global trade finance business, said the HKMA’s Edmond Lau.
Cloud & Infrastructure
HKMA Unveils Financial Infrastructure Project to Facilitate SME Lending
By Manesh Samtani | 02/11/2020
The HKMA is working with banks to study the feasibility of the ‘Commercial Data Interchange’, a new financial infrastructure to facilitate financial intermediation.
Cloud & Infrastructure
GFIN Invites Next Batch of Firms to Participate in Cross-border Testing
By Editors | 01/11/2020
Regulators from Australia, Canada, Hong Kong, Singapore, Taiwan, the UK and the US are among those participating in cross-border testing.
Emerging Prudential Risks
HKMA Consults on Amendments to D-SIB Framework
By Editors | 30/10/2020
The amendments are aimed at improving the assessment of banks’ complexity in the D-SIB identification process, and reducing the weight of the size factor, among other changes.
Credit Risk
HKMA Chief Hints at New Data Platform to Facilitate SME Lending
By Manesh Samtani | 27/10/2020
Banks can more precisely and objectively assess SME credit risk with access to more data, such as trading and turnover statistics, says HKMA chief Eddie Yue.
CBDCs
BIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End
By Sanday Chongo Kabange | 27/10/2020
CBDC research provides an “essential opportunity” to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
Conduct, Culture & Accountability
HKMA Issues Guidance on Bank Sales of Policy Replacement
By Manesh Samtani | 22/10/2020
Banks engaged in insurance sales are expected to identify policy replacement at the point of sale and provide advice to customers on whether policy replacement is in their best interests.
Trading & Investment
GBA Wealth Management Connect to Operate With Quota System
By Manesh Samtani | 22/10/2020
The scheme will be capped at 150 bn yuan in each direction, and an individual quota of 1 mn yuan will be imposed on Greater Bay Area residents.
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