ADVERTISEMENT
Climate Risk
Hong Kong ‘Greenness’ Assessment Framework for Banks by Year-End
By Manesh Samtani | 02/07/2019
The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA’s participation in the NGFS.
Cloud & Infrastructure
BIS ‘Innovation Hub’ to Set Up in Hong Kong, Singapore
By Editors | 02/07/2019
The BIS Innovation Hub will foster collaboration between central banks and, by extension, help the private sector fully realise ‘new economy’ opportunities.
Liquidity Risk
Amended Bank Liquidity Rules to Take Effect 1 Jan: HKMA
By Manesh Samtani | 01/07/2019
The amendments expand the scope of HQLA recognisable as “level 2B assets” under the LCR and introduce a 5% stable funding requirement on total derivative liabilities under the NSFR.
Clearing & Post-Trade
Hong Kong Finalises List of FSPs Under Clearing Obligation
By Editors | 01/07/2019
The list of Financial Services Providers identifies major dealers outside Hong Kong that are under the clearing obligation.
Structural Regulation
MAS to Issue Up to Five Digital Bank Licences
By Editors | 01/07/2019
The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.
Structural Regulation
JBA Responds to Hong Kong OTC Derivatives Consultation
By Editors | 28/06/2019
The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.
Cloud & Infrastructure
GFiN Publishes Report Reflecting on First Year of Work
By Editors | 27/06/2019
The Global Financial Innovation Network has published a report reflecting on its work over the past year, and its ambitions for the future.
Credit Risk
HKMA Rules on Bank Exposure Limits to Take Effect From 1 July
By Editors | 25/06/2019
Under the rules, authorised institutions are subject to a statutory limit of 25% of capital on financial exposure to any one person or group of related persons.
Trading & Investment
Stock Connect Investors Gain Access to Onshore Yuan Rates
By Editors | 24/06/2019
Under the new arrangement, northbound Stock Connect investors will be able to hedge yuan exposures using the onshore exchange rate for the first time.
Structural Regulation
HSBC Scraps Fees Ahead of Virtual Bank Launches
By Manesh Samtani | 20/06/2019
HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.