HONG KONG MONETARY AUTHORITY

Hong Kong to Enhance Protection for Bank Depositors

By Editors | 14/09/2014

Hong Kong regulators are seeking industry views on recommendations to improve a scheme that provides a financial safety net for depositors in the event of a banking crisis.

Hong Kong’s First Islamic Bond Issue Raises $1 Billion

By Editors | 12/09/2014

Hong Kong has sold its first ever sovereign Islamic bonds, raising $1 billion amid strong demand for the landmark offering.

Securities / Derivatives

Regulatory Pressures Drive Demand for Client Management Solutions in Asia Pacific

By Editors | 08/09/2014

In a sign of an increasing regulatory pressure for financial institutions in Asia Pacific, regulatory onboarding, entity data and client lifecycle management solutions provider Fenergo is expanding in the region.

Hong Kong to Hold Roadshow for First Sukuk Offering

By Editors | 28/08/2014

The Hong Kong government will hold investor meetings from next week for its first Islamic bond issue.

Standard Chartered Fined $300 Million by US Financial Watchdog

By Editors | 21/08/2014

Standard Chartered will pay $300m over lapses in anti-money-laundering procedures and temporarily suspend its dollar clearing operations with high-risk clients in Hong Kong, the New York State Department of Financial Services (DFS) said.

Hong Kong to Boost Wealth Management Sector

By Editors | 12/08/2014

The Hong Kong Monetary Authority’s top executive said the city aims to boost its fund and wealth management industry over a five-year period.

Hong Kong, Thailand Launch New Cross-Border Payment Link

By Editors | 27/07/2014

The Hong Kong Monetary Authority and Bank of Thailand introduced a new cross-border payment link between Hong Kong’s US dollar real time settlement system and Bank of Thailand’s Baht system.

Securities / Derivatives

Hong Kong Starts Consultation on New OTC Derivatives Reporting Rules

By Editors | 21/07/2014

The Hong Kong Monetary Authority and the Securities and Futures Commission are seeking industry views on rules regarding mandatory reporting and related record-keeping obligations under the new over-the-counter (OTC) derivatives regime.

Securities / Derivatives

More Chinese Banks Hit in Money Laundering Scandal

By Editors | 10/07/2014

China Citic Bank has become the second Chinese bank accused of breaching foreign exchange rules through services that allow people to take money out of the mainland.