Hong Kong Monetary Authority

    Market Infrastructure

    More Work Required to Remove Legal Barriers to Trade Reporting – FSB

    By Garima Chitkara | 22/11/2018

    While a number of legal barriers on reporting and accessing of trade data have been removed, some still remain. China’s position on trade data access remains uncertain.

    Big Picture

    “Good Progress” On OTC Reform Among G20 Nations – FSB

    By Garima Chitkara | 21/11/2018

    The FSB found progress in OTC reform implementation on among 24 member jurisdictions, with great strides on trade reporting and higher capital on non-centrally cleared derivatives.

    Capital / Liquidity

    Hong Kong Set to Finalise TLAC Rules

    By Garima Chitkara | 19/11/2018

    New rules governing bank TLAC holdings, concentration risk in sovereign exposures have been gazetted and will be presented before LegCo on 21 November.

    Press Release

    Regulation Asia Awards ‘Law Firm of the Year’ to Herbert Smith Freehills

    By Editors | 15/11/2018

    Herbert Smith Freehills has been awarded Law Firm of the Year in the inaugural Regulation Asia Awards for Excellence 2018.

    Market Infrastructure

    FSB Issues Progress Report on Interest Rate Benchmark Reform

    By Manesh Samtani | 15/11/2018

    The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.

    Fintech / Regtech

    HKMA Launches Blockchain-based Trade Finance Platform ‘eTradeConnect’

    By Manesh Samtani | 01/11/2018

    Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.

    Market Infrastructure

    Delivering Value from OTC Derivatives Repository Data

    By Oliver Williams | 29/10/2018

    DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia’s regulators and institutions seek even greater transparency of OTC derivatives markets.

    Market Infrastructure

    HKMA Refines Bank-to-SVF Direct Debit Process to Prevent Fraud

    By Editors | 29/10/2018

    Banks and stored value facility operators are asked to adopt a ‘refined process’ in setting up direct debit authorisations to top-up e-wallets following last week’s fraud reports.

    Fintech / Regtech

    HKMA Suspends E-wallet Auto Top-Up Service Amid Fraud Reports

    By Garima Chitkara | 26/10/2018

    Approximately HKD 180,000 was stolen from customers just three weeks after the launch of a service allowing automatic top-ups of e-wallets by direct debit from bank accounts.

    Capital / Liquidity

    HKMA to Adopt BCBS Guidelines on Stress Testing

    By Editors | 23/10/2018

    Authorised institutions should review and strengthen stress testing frameworks and practices taking account of BCBS’ stress testing principles, the HKMA says.

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