Hong Kong Monetary Authority

HK Aligns Bank Self-assessment with Revised Practice Code

By Samuel Riding | 13/01/2017

New requirements include some AI subsidiaries, affiliates in self-assessment.

AML / KYC

HKMA Issues Operational Incidents Watch

By Samuel Riding | 13/01/2017

Regulator flags errors in OTC derivatives transactions, credit card applications.

Europe Grants APRA, HKMA and BOJ Equivalency on Confidentiality Rules

By Samuel Riding | 12/01/2017

Regulations on professional secrecy, restrictions on use of confidential information deemed equivalent.

Capital / Liquidity

HK Unauthorised Mortgage Alert System Goes Live

By Samuel Riding | 04/01/2017

Land Registry will alert banks when documents are registered.

Securities / Derivatives

HKEX to Introduce Derivatives VCM on 16 January

By Samuel Riding | 03/01/2017

Volatility control mechanism was originally to be introduced on 14 November 2017.

Market Infrastructure

HKMA Implements Cybersecurity Programme

By Samuel Riding | 22/12/2016

Hong Kong banking industry can soon access Cyber Intelligence Sharing Platform

Market Infrastructure

HKMA Develops Enhanced Cybersecurity Competency Framework

By Samuel Riding | 20/12/2016

Framework including continuing professional development to foster cybersecurity talent ..

HKMA Issues Governance Guidelines

By Samuel Riding | 15/12/2016

Systemically important institutions should set up risk, nomination and remuneration committees.

AML / KYC

HKMA Issues AML/CTF Competency Framework

By Samuel Riding | 14/12/2016

Enrolment in courses run by Hong Kong Institute of Bankers begins in April 2017.