Hong Kong Monetary Authority

    Cloud & Infrastructure

    HKMA Invites Tenders to Implement Data Automation, Analytics

    By Editors | 24/02/2020

    The HKMA is inviting tenders to provide the regulator implementation services for data automation and big data analytics.

    Operational Risk

    Hong Kong Bankers Compare Covid-19 to ‘Nightmare’ Stress Test

    By Editors | 17/02/2020

    The actions being taken to combat the novel coronavirus are reportedly “very close” to those taken in a simulated exercise last October, which involved a pandemic, cyberattack and telecoms breakdown.

    AI Risk & Governance

    HKMA Invites Tenders to Facilitate Regtech Adoption in Banking

    By Editors | 17/02/2020

    The HKMA is inviting tenders for the provision of professional services to help it facilitate the adoption of regtech by the banking industry.

    Credit Risk

    HKMA Convenes Special Teleconference on SME, Personal Lending

    By Editors | 14/02/2020

    The Banking Sector SME Lending Coordination Mechanism discussed ways to extend greater support to SME and retail customers, in light of the Covid-19 threat to cashflows.

    Emerging Prudential Risks

    HKMA Vows to Preserve Stability Amid Covid-19 Threat

    By Editors | 13/02/2020

    HKMA chief Eddie Yue indicated a willingness to be flexible towards banks facing difficulties in meeting regulatory requirements.

    Liquidity Risk

    HSBC Provides Relief to Customers Impacted by Outbreak

    By Editors | 10/02/2020

    HSBC becomes the latest Hong Kong bank to announce relief measures for business owners impacted by the novel coronavirus and its effects on the economy.

    Credit Risk

    HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus

    By Manesh Samtani | 07/02/2020

    The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.

    Capital Adequacy

    HKMA Maintains 2% CCyB Amid ‘Uncertain’ Environment

    By Editors | 30/01/2020

    HKMA chief Eddie Yue says it is appropriate to maintain the CCyB at 2.0% to allow more time to “observe the trend”.

    Resolution & Recovery

    HKMA Consults on Contractual Stay Provisions in Financial Contracts

    By Editors | 23/01/2020

    FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.

    CBDCs

    HKMA, BOT Announce Outcomes of Joint CBDC Research

    By Editors | 23/01/2020

    In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.

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