HONG KONG MONETARY AUTHORITY

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    AML / KYC

    HKMA: Revised AML Guideline Raises Focus on Effectiveness

    By Ranamita Chakraborty | 31/05/2023

    HKMA’s Carmen Chu says an external consultant has been engaged to help prepare a new guidance paper on AML/CFT controls for PEPs.

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    ESG / Sustainability

    HKMA Consults on Prototype Green Classification Framework

    By Manesh Samtani | 30/05/2023

    The HKMA commissioned Climate Bonds Initiative to develop the prototype, which focuses on activities in the energy, transport, buildings, waste and water sectors.

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    Crypto / Digital Assets

    HKMA to Ramp Up Cross-border Collaboration with UAE

    By Editors | 30/05/2023

    The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

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    Crypto / Digital Assets

    HKMA Launches e-HKD Pilot Programme With 16 Firms

    By Editors | 19/05/2023

    HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.

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    Market Infrastructure

    Meeting the Challenge of HKMA Operational Resilience Requirements

    By Shannon Wong | 15/05/2023

    Shannon Wong and Lisa Huang discuss the HKMA’s expectations on operational resilience ahead of a fast approaching 31 May deadline.

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    Securities / Derivatives

    Northbound Trading for Swap Connect Has Launched

    By Manesh Samtani | 15/05/2023

    At the opening bell, 37 transactions worth about $273mn were executed involving participation from 16 foreign institutions.

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    Capital / Liquidity

    Hong Kong Roundtable: Bankers Explore Evolving Risk Landscape

    By Editors | 14/05/2023

    Regulation Asia and Wolters Kluwer held a roundtable with Hong Kong bankers to discuss the evolving risk landscape in the city.

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    Capital / Liquidity

    HKMA Consults on Revised Large Exposures Reporting Templates

    By Mark Johnston | 12/05/2023

    The revisions aim to implement BELR changes, enhance credit risk monitoring, and address prudential reporting of related party transactions.

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    Market Infrastructure

    HKEX May Allow Market to Remain Open During Typhoons

    By Editors | 12/05/2023

    A working group from HKEX and the HKMA is reportedly drafting a plan to allow trading to continue as normal during typhoons and rainstorms.

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    Capital / Liquidity

    HKMA Specifies Regulatory Treatment of Swap Connect Margins

    By Editors | 10/05/2023

    Margins posted by banks to OTC Clear for participating in Swap Connect should be treated in the same manner as default fund contributions.

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