HONG KONG MONETARY AUTHORITY

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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.

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    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.

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    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.

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    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.

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    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

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    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.

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    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.

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    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.

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    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.

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    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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