Hong Kong Monetary Authority

Structural Regulation

HKMA Allows WMC Participation by Non-Locally Incorporated AIs

By Sanday Chongo Kabange | 03/06/2024

Non-locally incorporated AIs may provide southbound WMC services through their Hong Kong branches if they meet certain requirements.

Climate Risk

HKMA Launches Beta Platform for Physical Risk Assessments

By Sanday Chongo Kabange | 30/05/2024

The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

Conduct, Culture & Accountability

HKMA Updates SPM Module to Drive Banking Sector Upskilling

By Editors | 24/05/2024

The revised SPM module is part of the HKMA’s effort to drive upskilling and reskilling of banking practitioners.

Fraud, Scams & Cybercrime

“Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

By Nithya Subramanian | 23/05/2024

Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

Payments & Settlements

HKMA Announces Refinements to USD Liquidity Facility

By Editors | 22/05/2024

The settlement date will be the same day as the tender date (T+0), instead of the business day after the tender date (T+1).

CBDCs

HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong

By Editors | 20/05/2024

Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.

Tokenisation

StanChart, Mastercard Complete PoC Involving Tokenised Carbon Credits

By Editors | 15/05/2024

Mastercard, StanChart, Mox Bank and Libeara are partnering to catalyse the adoption of tokenisation in financial assets.

Clearing & Post-Trade

Regulators Announce Enhancements to Swap Connect

By Sanday Chongo Kabange | 14/05/2024

The enhancements will enrich the tradeable products, improve ancillary services, and reduce investor participation costs.

Structural Regulation

HKMA Issues Revised Guideline on SFC-registered AIs

By Editors | 13/05/2024

The revised module aims to serve as a “convenient regulatory handbook” for HKMA-authorised institutions that are also registered with the SFC.