Hong Kong Monetary Authority

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    Fintech / Regtech

    HKMA Looks to Bolster Internal Cybersecurity Capabilities

    By Manesh Samtani | 07/08/2024

    HKMA is planning to deploy a new solution to help it identify “assets, vulnerabilities, and potential entry points that could be targeted by attackers” and manage its attack surface.

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    Capital / Liquidity

    HKMA Confirms Plans to Simplify Three-Tier Banking System

    By Manesh Samtani | 06/08/2024

    Deposit-taking companies will have a five-year transition period to meet a HK$100mn capital requirement, compared to HK$25mn.

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    Fintech / Regtech

    PBOC, HKMA Sign Cooperation Framework for Payments Linkage

    By Editors | 04/08/2024

    The cooperation framework will enable the Chinese and Hong Kong authorities to link their fast payment systems.

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    AML / KYC

    HK Banks Extend Fraud Alerting Service to Counter Transactions

    By Editors | 02/08/2024

    HKMA said customers will receive fraud risk alerts regardless of whether a transfer is conducted at a branch or through online channels.

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    Market Infrastructure

    HKMA Sets Expectations for CRA’s Exit from ‘Credit Data Smart’

    By Sanday Chongo Kabange | 01/08/2024

    Credit reference agency Nova Credit Limited has decided to cease operations and exit the new credit reference platform known as Credit Data Smart.

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    Crypto / Digital Assets

    HKMA Opens Tender for Services to Support CBDC Sandboxes

    By Editors | 30/07/2024

    Hosting and supporting services would have to support up to 25 participants in the Project Ensemble and e-HKD sandboxes.

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    Hong Kong Reappoints HKMA Chief for Second Term

    By Nithya Subramanian | 29/07/2024

    During his second term, Eddie Yue said the HKMA will deepen connectivity with the Mainland and promote fintech and sustainable finance.

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    Capital / Liquidity

    HKMA Consult on Revised Guidance for CCyB Calculations

    By Editors | 25/07/2024

    The SPM module being revised provides guidance for banks on determining the RWA corresponding to their private sector credit exposures for the purpose of calculating CCyB ratios.

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    Fintech / Regtech

    HKMA Publishes RegTech Bulletin on Best Execution Services

    By Manesh Samtani | 24/07/2024

    The bulletin says best execution services can be particularly helpful for exotic instruments, which often don’t have sufficient pricing information.

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    Crypto / Digital Assets

    HKMA Names First Participants of Stablecoin Sandbox

    By Sanday Chongo Kabange | 19/07/2024

    The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

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