HONG KONG MONETARY AUTHORITY

    Hong Kong Launches Competency Framework for Wealth Management

    By Editors | 24/06/2014

    The Hong Kong Monetary Authority has launched a non-statutory competency framework for private wealth management practitioners in Hong Kong.

    Hong Kong Regulator Conducts Business Continuity Drills with Banks

    By Editors | 16/06/2014

    The Hong Kong Monetary Authority has conducted a drill with banks on business continuity plans (BCP) to test the reliability and stability of the communications between the back-up offices of the regulator and the lenders.

    Hong Kong Launches E-Payment for MPF Transfer

    By Editors | 13/06/2014

    The Hong Kong Monetary Authority and Mandatory Provident Fund Schemes Authority has launched an e-payment service for fund transfer system enhancing accuracy and efficiency of fund transfers between trustees.

    Securities / Derivatives

    Hong Kong Regulators Cautious on Rising China Loans

    By Editors | 11/06/2014

    Hong Kong regulators are imposing strict financial rules four years ahead of their expected implementation under global standards on worries some banks may be vulnerable if Chinese economy weakens significantly.

    Hong Kong, Australia Seek to Boost RMB Trade

    By Editors | 23/05/2014

    A group of senior representatives from Hong Kong and Australian banks met to review developments in the Renminbi (RMB) business and consider ways to strengthen RMB products and services, with a view to facilitating greater participation of corporates and other customers in the RMB market.

    IMF Warns of Hong Kong Banks’ Soaring Credit Exposure to China

    By Editors | 07/05/2014

    The International Monetary Fund has warned of Hong Kong banks’ rising exposure to mainland debt.

    Hong Kong Prepares Sukuk Issuance

    By Editors | 14/04/2014

    Hong Kong is ready for Islamic bonds following the establishment of a tax framework that supports sukuk issuance, and as the government further develops a market for such bonds in the territory with the debut of a government sukuk.

    Securities / Derivatives

    Growing Awareness of Anti-Money Laundering in Asia Pacific

    By Editors | 31/03/2014

    According to KPMG’s Global AML Survey 2014, 88 percent of more than 300 respondents worldwide said that AML is a priority for senior management.

    HKMA Asks Benchmark-Setting Banks to Uphold Internal Controls and Governance, Censures UBS

    By Editors | 17/03/2014

    Hong Kong Monetary Authority has censured UBS for attempting to rig Hong Kong’s interbank lending rates.

    Hong Kong Regulator Urges Financial Institutions to Review Capital Planning Process

    By Editors | 09/02/2014

    The Hong Kong Monetary Authority plans to enhance existing rules to reflect recommendations on capital planning practices by the Basel Committee.

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