ADVERTISEMENT
Mortgage Refinancing Transactions Made Safer in Hong Kong
By Editors | 21/07/2022
Under the new PAPT mechanism, mortgage refinance proceeds can be transferred directly from one bank to another rather than via a law firm.
HKMA Extends Repayment Deferments for Trade Facilities
By Editors | 21/07/2022
Significant uncertainty lies ahead for import and export businesses, the HKMA said. The scheme will fully expire at the end of October.
Fintech / Regtech
HKMA Issues Regtech Guide on Third-Party Risk Management
By Sanday Chongo Kabange | 19/07/2022
The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.
Fintech / Regtech
HKMA, Banks, Bloomberg Launch Fintech Talent Initiative
By Editors | 18/07/2022
The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.
AML / KYC
HKMA Advances Work on AML SupTech, Bank-to-Bank Data Sharing
By Darien Choong | 13/07/2022
HKMA executive director Carmen Chu discussed initiatives to enable bank-to-bank information sharing and use granular bank data to detect ML risk.
Capital / Liquidity
HKMA Issues Revised Capital Adequacy Ratio Return
By Editors | 12/07/2022
The changes are mainly to cater for banks’ reporting of equity investments in funds in accordance with the requirements that came into effect on 1 July.
AML / KYC
Hong Kong Publishes ML/TF Risk Assessment Report
By Manesh Samtani | 12/07/2022
The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.
HKMA Issues Bank Guidance on Selling Protection Linked Plans
By Editors | 12/07/2022
Banks should discuss their plans for selling PLP with the HKMA and the details of pre-implementation reviews conducted by an independent party.
Capital / Liquidity
ECB Climate Stress Test Finds Bank Practices Lacking
By Editors | 11/07/2022
60% of banks don’t have a climate risk stress testing framework. Only 20% of banks consider climate risk when granting loans.
Market Infrastructure
HK Banks Must ‘Fully’ Participate in New Credit Reference Platform
By Manesh Samtani | 11/07/2022
The new platform, expected to be launched by year-end, will serve as an interface for lenders and CRAs to share consumer credit information.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team