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HKMA Chief Appointed to Key BIS Post to Support Emerging Markets
By Editors | 13/09/2023
HKMA chief Eddie Yue was appointed Chair of the meeting of Governors of major emerging market economies for three years.
Fintech / Regtech
HKMA, PBOC Enter Next Phase of e-CNY Technical Testing
By Editors | 11/09/2023
Hong Kong is expanding its technical testing to include more banks and testing the digital yuan wallet’s top-up function through FPS.
HKMA Sets Out Talent Management Expectations for Banks
By Editors | 08/09/2023
The latest HKMA circular provides guidance to help banks assess, maintain, and enhance the competence levels of their workforce and address talent shortages.
Capital / Liquidity
HK Investors Prepare Legal Action Over Credit Suisse AT1 Bonds
By Sanday Chongo Kabange | 07/09/2023
Hong Kong investors will claim the wipeout of Credit Suisse AT1 bonds was at odds with a bilateral investment treaty between Hong Kong and Switzerland.
Hong Kong Launches Loan Guarantee Scheme for Electric Taxis
By Editors | 05/09/2023
Fully guaranteed loans are being provided to taxi owners to encourage them to replace their LPG, petrol or hybrid taxis with electric taxis
HKMA Eases Audio-Record Requirement for PLP Sales
By Editors | 01/09/2023
Banks selling PLP products can adopt other post-sale controls instead of audio recording the entire selling process.
Capital / Liquidity
HKMA Consults on New Resolution Planning Guidance
By Manesh Samtani | 01/09/2023
The guidance focuses on the measures banks should have in place to ensure continuity of access to FMI services in a resolution scenario.
ESG / Sustainability
GFANZ Adds Hong Kong Chapter to Net Zero Network
By ESG Investor | 31/08/2023
The Hong Kong Chapter will serve as an extension of GFANZ’s APAC Network, joining the Japan Chapter.
Market Infrastructure
HK Clearing Rules Updated to Account for Benchmark Reforms
By Manesh Samtani | 31/08/2023
The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.
ESG / Sustainability
HKMA Sets Out Transition Planning Principles for Banks
By Sanday Chongo Kabange | 30/08/2023
The HKMA will survey banks in Q4 on their transition planning practices, and consider these efforts in its supervisory review process.
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