ADVERTISEMENT
HONG KONG MONETARY AUTHORITY
HKMA to Create Taskforce to Handle Loan-related Complaints
By Sanday Chongo Kabange | 20/08/2024
The task force will handle complaints from SMEs that are being asked to repay their loans earlier than the agreed time.
Fintech / Regtech
HKMA Issues Guidance for Banks on Using Generative AI
By Sanday Chongo Kabange | 20/08/2024
The HKMA encourages banks to proactively explore the use of GenAI to enhance consumer protection and better tailor products to individual customers.
Fintech / Regtech
Hong Kong SFC Proposes to Abolish Mixed Media Offers
By Sanday Chongo Kabange | 19/08/2024
The SFC says MMOs have become “obsolete” since the introduction of the paperless listing and subscription regime in 2021.
OJK, HKMA Sign MOU to Expand Cooperation in Banking Supervision
By Editors | 16/08/2024
Indonesia’s OJK said it hopes to establish a supervisory college with the HKMA and enhance staff capacities at both regulators.
Capital / Liquidity
HKMA Issues Supplementary Guidance on Market Risk, CVA Risk
By Sanday Chongo Kabange | 14/08/2024
The guidance clarifies that funding swaps should typically be assigned to the trading book unless designated as hedging instruments under hedge accounting.
Fintech / Regtech
HKMA Launches New GenAI Sandbox at Hong Kong Cyberport
By Sanday Chongo Kabange | 14/08/2024
HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.
Capital / Liquidity
HKMA Proposes Revisions to Guidance on Fair Value Practices
By Manesh Samtani | 14/08/2024
The HKMA said the guidance is “especially important for positions without quoted prices in active markets or observable inputs to valuation, as well as less liquid positions.”
Fintech / Regtech
BSP to Start Accepting New Digital Bank Applications in January
By Sanday Chongo Kabange | 09/08/2024
The BSP will lift the moratorium on granting new digital bank licences starting 1 January 2025. Only four new licences will be granted.
AML / KYC
HKMA Issues Circular on Changes to Tax Reporting Jurisdictions
By Sanday Chongo Kabange | 08/08/2024
The HKMA said banks are expected to treat customers fairly and minimise their burden when reporting their tax information.
Crypto / Digital Assets
Mox Becomes First HK Virtual Bank to Offer Crypto ETFs
By Sanday Chongo Kabange | 08/08/2024
Mox customers can invest in bitcoin and ether ETFs listed in Hong Kong and the US via the bank’s mobile app.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team