Hong Kong Monetary Authority

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”.

Fintech / Regtech

HKMA Grants Fourth Virtual Bank Licence to WeLab Digital

By Editors | 11/04/2019

The HKMA has granted a fourth virtual bank licence to WeLab Digital, the first stand-alone company to receive the licence.

Market Infrastructure

The Impact of Culture and Conduct – Industry’s Biggest Blind Spot

By Prasanna Venkatesan | 09/04/2019

Looking beyond regulations aimed at cultural reform, Synpulse’s Prasanna Venkatesan discusses how conduct and culture can be operationalised, measured and managed in private banking.

Market Infrastructure

SWIFT Sees Growing ISO 20022 Adoption in Asia Pacific

By Manesh Samtani | 03/04/2019

SWIFT has released a new report on the state of adoption of the ISO 20022 financial messaging standard among Asia Pacific securities market infrastructures.

Market Infrastructure

TMA Consults on HONIA, Hong Kong’s Alternative Rate for HIBOR

By Manesh Samtani | 01/04/2019

The Treasury Markets Association is proposing technical refinements to HONIA to enhance its robustness and representativeness as an alternative reference rate to HIBOR.

Market Infrastructure

HKMA Ups the Competency Bar for Credit Risk Management

By Editors | 31/03/2019

The HKMA – in collaboration with the HKIB and banking sector – has published a new framework aimed at enhancing professional competencies in the credit risk management function.