HONG KONG MONETARY AUTHORITY

    Capital / Liquidity

    HKMA Consults on Implementation of Basel III Reforms

    By Editors | 08/07/2022

    The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.

    HKMA Joins International Financial Consumer Protection Organisation

    By Editors | 07/07/2022

    FinCoNet’s membership includes more than 30 regulators responsible for financial consumer protection around the world.

    Market Infrastructure

    Hong Kong, China to Launch ‘Swap Connect’ in Six Months

    By Sanday Chongo Kabange | 05/07/2022

    Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.

    Capital / Liquidity

    HKMA Explores Use of Deep Learning for Credit Risk Assessment

    By Editors | 04/07/2022

    A trained model was able to consistently detect corporate credit deterioration at both the transaction level and aggregate level with a three-month lead time.

    ESG / Sustainability

    HKMA to Integrate Climate Risk in Supervisory Processes

    By Editors | 01/07/2022

    Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.

    Capital / Liquidity

    BIS Launches Yuan Liquidity Facility for Central Banks

    By Editors | 28/06/2022

    Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.

    Fintech / Regtech

    Impacts of New PCPD Guidance on Cross-border Data Transfers

    By Albert Yuen | 27/06/2022

    FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.

    Securities / Derivatives

    HKMA, SFC to Proceed With Changes to FSP List

    By Editors | 27/06/2022

    One new entity, Nomura Financial Products Europe GmbH, is being added to the FSP List under the OTC derivatives regime.

    Fintech / Regtech

    HKMA to Prepare Roadmap for Promoting Key Fintech Areas

    By Manesh Samtani | 23/06/2022

    HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.

    Crypto / Digital Assets

    BIS Innovation Hub Outlines Lessons from CBDC Experiments

    By Manesh Samtani | 23/06/2022

    The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.

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