HONG KONG MONETARY AUTHORITY

    Fintech / Regtech

    HKMA Issues Regtech Guide for Sales and Suitability Practices

    By Manesh Samtani | 28/10/2022

    The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.

    HKMA Confirms Health Arrangements for Upcoming Financial Forum

    By Editors | 28/10/2022

    Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.

    Market Infrastructure

    Don’t Overlook the Value of LEI

    By Joseph Capablanca | 28/10/2022

    DTCC’s Joseph Capablanca discusses the importance of the LEI for improving transparency, cutting costs, and reducing operational risk in the global financial industry.

    AML / KYC

    NLP for Regulatory Compliance: A Question of When, Not If

    By Irene Liu | 27/10/2022

    Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

    Crypto / Digital Assets

    BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

    By Editors | 27/10/2022

    The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

    Securities / Derivatives

    Shenzhen, Hainan to Issue New RMB Bonds in Hong Kong

    By Editors | 26/10/2022

    Hong Kong Financial Secretary Paul Chan said the issuances will increase the breadth and depth of the city’s RMB debt market.

    ESG / Sustainability

    BIS Innovation Hub, HKMA Tackle Green Bond Transparency

    By Editors | 25/10/2022

    Project Genesis 2.0 prototypes provided investors real-time transparency on the environmental impact of the use of proceeds from green bonds.

    Fintech / Regtech

    HKMA Officially Launches Commercial Data Interchange

    By Sanday Chongo Kabange | 24/10/2022

    The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.

    Big Picture

    BIS Innovation Hub, HKMA Publish Project Aurum Findings

    By Editors | 24/10/2022

    A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.

    Securities / Derivatives

    HKMA Issues New Guidance on Investment Product Sales

    By Editors | 24/10/2022

    The new guidance covers investment product suitability, concentration risk assessments, and the sale of loss-absorption products.

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