HONG KONG MONETARY AUTHORITY

HKMA Requires New Tax Checks on Banks’ Clients

By Editors | 18/05/2015

In a push to monitor money laundering in the banking system, Hong Kong regulators have asked banks to look into customer’s filings to see if they’re paying their dues.

Hong Kong’s HKMA Likely to Face Tough Challenge in HSBC’s Planned Move

By Editors | 28/04/2015

Hong Kong’s de facto central bank may have to scale up its regulatory operations should British banking firm HSBC decide to relocate its headquarters in the city.

Hong Kong Sets Higher Capital for City’s Important Banks

By Editors | 18/02/2015

Hong Kong is requiring the city’s largest banks to set aside more capital to cushion against unexpected losses and pose less risk to the financial system.

Hong Kong Regulator Endorses Revised Banking Code

By Editors | 08/02/2015

The Hong Kong Monetary Authority has endorsed a revised code of banking practice that requires the city’s banks to uphold international banking practices in areas of disclosure and transparency, responsible business conduct and financial education.

Hong Kong to Boost Capital Buffer as Adopts Basel Norm

By Editors | 27/01/2015

Hong Kong Monetary Authority aims to create adequate capital buffer to boost the resilience of the city’s banking system with the adoption of global cash buffer standards next year.

Hong Kong Refines Plan for Stronger Financial System

By Editors | 22/01/2015

Hong Kong financial regulators is seeking public views on specific aspects of so-called resolution regime for financial institutions that should make the city’s financial system stable and resilient in the face of crisis and economic shocks.

Christmas Ghosts of Regulation Past

By Peter Guy | 24/12/2014

Regulations of Christmas Past, Present and Yet to Come pay us a visit.

Hong Kong Regulator Finds No Evidence of Market Rigging

By Editors | 19/12/2014

The Hong Kong Monetary Authority said it found no evidence of rigging in the city’s foreign exchange benchmark following an investigation into the operations of ten banks.

Hong Kong Regulators Relax Reporting Rules for OTC Derivatives

By Editors | 28/11/2014

Hong Kong regulators have concluded their industry consultation on the record-keeping and reporting rules for over-the-counter derivatives, and noted that the reporting obligation for OTC will be implemented in phases.