Hong Kong Monetary Authority

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    Market Infrastructure

    HK Banks Making ‘Good Progress’ on Operational Resilience: HKMA

    By Manesh Samtani | 04/12/2024

    HKMA’s Carmen Chu said all Hong Kong banks have developed the relevant frameworks and most are now conducting mapping and scenario testing exercises.

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    AML / KYC

    HKMA Announces Two New Anti-Scam Measures for Banks

    By Sanday Chongo Kabange | 04/12/2024

    “Money Safe” will allow customers to segregate a portion of their deposits and protect it from fund outflows, similar to Singapore’s “Money Lock”.

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    Capital / Liquidity

    HKMA Revises Guideline for Bank on Capital Adequacy Regime

    By Editors | 03/12/2024

    The revised SPM module incorporates changes to align with the Basel III final reforms which take effect from 1 January 2025.

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    Market Infrastructure

    HKMA Issues New Statutory Guideline on Cyber Risk Management

    By Manesh Samtani | 03/12/2024

    The SPM module articulates the HKMA’s policy, overarching principles, and supervisory approach on banks for managing cyber risks.

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    Crypto / Digital Assets

    HKMA Announces Launch of Digital Bond Grant Scheme

    By Editors | 30/11/2024

    The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

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    Fintech / Regtech

    HKUST Launches New GenAI Platform for Financial Sector

    By Sanday Chongo Kabange | 29/11/2024

    HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

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    Market Infrastructure

    Hong Kong Completes Transition to Multiple CRA Operating Model

    By Editors | 26/11/2024

    The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.

    Securities / Derivatives

    Hong Kong Connectivity With Mainland Set to Increase

    By Manesh Samtani | 25/11/2024

    China Vice-Premier He Lifeng, CSRC Chairman Wu Qing and HKMA Chief Eddie Yue discussed new initiatives at the Global Financial Leaders’ Investment Summit.

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    ESG / Sustainability

    HKMA Launches ‘Professional Level’ ECF for Sustainable Finance

    By Sanday Chongo Kabange | 23/11/2024

    The “Professional Level” of the ECF-GSF aims to help mid- and senior-level bankers develop professional competencies in Green and Sustainable Finance.

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    Capital / Liquidity

    HKMA Shares Good Practices to Support Basel III Implementation

    By Manesh Samtani | 22/11/2024

    The HKMA encourages banks to maintain their momentum as the 1 January 2025 implementation date for certain aspects of Basel III approaches.

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