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Credit Risk
Hong Kong Introduces New Loan Guarantee Scheme for SMEs
By Editors | 10/12/2019
LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.
Emerging Prudential Risks
IMF Commends Hong Kong’s Financial System Resilience
By Garima Chitkara | 05/12/2019
The IMF also came out in support of the government’s policies to boost the economy, safeguard financial stability, and combat money laundering and terrorism financing.
Sustainable Finance
Why the HKMA is Taking ESG Investing Seriously
By AsianInvestor | 26/11/2019
The head of risk for the de-facto central bank’s investment portfolio explains why it is implementing ESG principles into its investing practices.
Credit Risk
Significant Variation Among Banks in HKFRS 9 Reporting – Study
By Manesh Samtani | 26/11/2019
Only some banks have been able to fully address the HKFRS 9 financial disclosure requirements, according to a new study from Mazars Hong Kong.
Conduct, Culture & Accountability
HKMA Warns FIs Against Churning Investment Funds for Clients
By Manesh Samtani | 25/11/2019
The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.
Cybersecurity
MAS, ABS Conclude 6th Crisis Response Testing Exercise
By Editors | 23/11/2019
‘Exercise Raffles’ brought together the public and private sectors – including the FS-ISAC, HKMA, CSA, SGX, SWIFT and FIS Global – to test cyber and operational disruption response capabilities.
Anti-Money Laundering
We Need to Accelerate Regtech Transition in AML Work: HKMA
By Manesh Samtani | 23/11/2019
We need to enable a wider application of technology to AML work in the sector, deputy chief Arthur Yuen said at the HKMA’s its first AML/CFT RegTech Forum on Friday.
Emerging Prudential Risks
Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG
By Manesh Samtani | 21/11/2019
Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.
Data Privacy
Exploring APAC’s Emerging Data-Intensive Regulatory Environment
By Swati Kothari | 15/11/2019
APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.
Clearing & Post-Trade
Regulation Asia Awards: DTCC Wins Market Infrastructure of the Year
By Editors | 14/11/2019
The DTCC has been awarded Market Infrastructure of the Year in the 2nd Regulation Asia Awards for Excellence 2019.
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