Hong Kong Monetary Authority

Market Infrastructure

Are We Ready for the Next Financial Crisis?

By Adrien Vanderlinden | 05/03/2019

DTCC’s Adrien Vanderlinden explores the biggest threats to financial stability 10 years after the financial crisis, and how Asia is responding to potential cyber-threats.

HKMA Chief of Ten Years Set to Retire in September

By Editors | 22/02/2019

Norman Chan will leave behind a healthy banking industry with strong capital ratios and low bad debt levels. A selection panel will identify the HKMA’s next chief.

Market Infrastructure

HKMA Turns Up the Heat, Announces Consultation on IBOR Transition

By Will Hallatt | 22/02/2019

The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.

Market Infrastructure

HKMA, PBOC Collaborate on Cross Border Financial Services – Report

By Editors | 20/02/2019

As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.

AML / KYC

HKMA’s Regulatory Expectations of Remote Customer On-boarding

By Editors | 05/02/2019

Remote onboarding technology should be able to authenticate customer identities through document image acquisition and “incontrovertibly” link identities through biometrics.

Fintech / Regtech

Global Innovation Sandbox Opens for Cross Border Testing

By Editors | 04/02/2019

The GFIN’s 29 members include the HKMA, SFC, MAS and ASIC. Applications are now open for firms looking to test innovative cross border financial services.

Big Picture

IMF Commends Hong Kong for Robust Financial Regulation and Supervision

By Editors | 28/01/2019

The IMF has assessed that robust financial regulation and supervision should help Hong Kong weather domestic and external shocks despite growing risks to the city’s outlook.

Market Infrastructure

HKEX Enables Central Clearing for Deliverable FX Forwards, Swaps

By Manesh Samtani | 25/01/2019

Enabled by Traiana infrastructure, HKEX OTC Clear is offering the first clearing service for deliverable FX forwards and swaps in the USD/CNH and USD/HKD currency pairs.

Capital / Liquidity

HKMA Asks Banks to Start Working on FRTB Implementation

By Editors | 21/01/2019

The HKMA circular follows last week’s publication of new minimum capital requirements for market risk by the Basel Committee on Banking Supervision.