Hong Kong Monetary Authority

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    ESG / Sustainability

    HKMA Launches “Action Agenda” to Promote Sustainable Finance

    By Manesh Samtani | 22/10/2024

    Under the Sustainable Finance Action Agenda, banks are required to achieve net zero in their operations by 2030, and in their financed emissions by 2050.

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    Capital / Liquidity

    HKMA Introduces New Measures to Boost SME Lending by Banks

    By Editors | 21/10/2024

    The HKMA lowered the CCyB ratio and will allow banks to early adopt the preferential treatments for SME exposures under the Basel III capital framework.

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    Crypto / Digital Assets

    DBS Bank Launches Token Services for Institutional Clients

    By Nithya Subramanian | 21/10/2024

    The new services offer real-time payment settlement through a permissioned blockchain, which is expected to enable clients to optimise liquidity and streamline operations.

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    Securities / Derivatives

    HKMA Announces Establishment of New Unit to Operate CMU

    By Editors | 21/10/2024

    The new unit, to be known as CMU OmniClear, is expected to take over CMU operations under its own governance structure in January 2025.

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    Fintech / Regtech

    HKMA Publishes Research on GenAI in the Financial Sector

    By Editors | 30/09/2024

    HKMA survey of industry practitioners found that most FIs are currently focusing on internal applications of GenAI to drive employee productivity.

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    Crypto / Digital Assets

    Hong Kong Working “Full Steam Ahead” on Stablecoin Legislation

    By Sanday Chongo Kabange | 30/09/2024

    The FSTB and the HKMA will “strive” to introduce draft legislation for Hong Kong’s stablecoin regulatory regime by end 2024.

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    AML / KYC

    HKMA to “Soon” Consult on Scam Loss Sharing Framework

    By Editors | 30/09/2024

    The framework will include principles for banks to use when deciding whether scam losses should be compensated, such as whether customers took care to safeguard their personal data.

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    Fintech / Regtech

    HKMA Issues New Guidance Responding to Crowdstrike Outage

    By Sanday Chongo Kabange | 30/09/2024

    The HKMA offers guidance to authorised institutions on enhancing their operational resilience against the failure of third-party IT solutions.

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    Market Infrastructure

    HKMA, SFC Finalise Details for New Derivatives Reporting Regime

    By Manesh Samtani | 29/09/2024

    The UTI, UPI, CDE, LEI and ISO 20022 will be required under Hong Kong’s OTC derivatives reporting regime from 29 September 2025.

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    Crypto / Digital Assets

    Hong Kong Exchange Lists First Digitally Native Notes

    By Editors | 29/09/2024

    The one-year HKD denominated digitally native notes were issued by HSBC, leveraging the HSBC Orion platform.

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