ADVERTISEMENT
HK Regulators Identify Issues in Sales of Tax-deductible Products
By Sanday Chongo Kabange | 28/12/2022
Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.
Press Release
Regulation Asia: Top 20 News Stories for 2022
By Editors | 28/12/2022
This list presents the most-read new stories published by Regulation Asia in 2022, based on aggregated user traffic analytics.
Press Release
Regulation Asia: Top Ten Contributed Articles for 2022
By Editors | 28/12/2022
This list presents the most-read contributed articles published by Regulation Asia in 2022, based on aggregated user traffic analytics.
Capital / Liquidity
APRA to Set CCyB Default Rate at 1pc from 1 Jan 2023
By Editors | 22/12/2022
The CCyB default rate in Australia has been set at zero percent of risk-weighted assets since it was introduced in 2016.
Crypto / Digital Assets
HKMA Intends to Implement BCBS Cryptoasset Standards
By Editors | 22/12/2022
The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.
Fintech / Regtech
HKMA Issues Guidance on Using Digital Platforms to Offer Credit
By Manesh Samtani | 21/12/2022
With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.
Market Infrastructure
FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’
By Manesh Samtani | 19/12/2022
Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
AML / KYC
HKMA Asks StanChart to Investigate Unauthorised Card Transactions
By Editors | 18/12/2022
Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.
Hong Kong Names Julia Leung as New SFC Chief
By Editors | 16/12/2022
Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.
HKMA Finalises Code of Conduct Requirements for Banks
By Editors | 12/12/2022
Banks have until 1 July 2023 to ensure their Code of Conduct and internal control systems are consistent with the revised SPM module.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team