HONG KONG MONETARY AUTHORITY

    Securities / Derivatives

    SFC Cites Conduct, Technology and Climate as Key Priorities

    By Editors | 23/06/2022

    The SFC’s latest annual report highlights work to enhance book building and placing practices, regulate fund trustees and custodians, and enhance climate disclosure for fund investors.

    ESG / Sustainability

    HKMA Asks Banks to Apply Basel Climate Risk Guidance

    By Editors | 22/06/2022

    The HKMA will assess the need to align its supervisory framework with BCBS Principles for managing and supervising climate-related financial risks.

    Crypto / Digital Assets

    BIS Innovation Hub Announces New Set of Projects

    By Editors | 20/06/2022

    The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

    Capital / Liquidity

    HKMA Seeks Bank Feedback on Lower Lending Rate Caps

    By Manesh Samtani | 20/06/2022

    Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called ‘extortionate’ rate from 48 to 36 percent p.a.

    Market Infrastructure

    US Fed Raises Interest Rates by Most Since in 28 Years

    By Editors | 16/06/2022

    The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.

    Market Infrastructure

    HKMA Chief Outlines Plans to Enhance CMU Services

    By Editors | 13/06/2022

    The Central Moneymarkets Unit will be further commercialised and upgraded in phases over three years. A new platform will be launched in 2025.

    HKMA Invites Global Banks to November Summit in Hong Kong

    By Editors | 10/06/2022

    The two-day summit is reportedly aimed at reversing an exodus of financial talent from Hong Kong after more than two years of Covid-19 measures.

    ESG / Sustainability

    Taiwan Banks to Undergo Climate Change Stress Tests in 2023

    By Editors | 08/06/2022

    The local banking association is developing the climate-change stress tests, the content of which will be finalised by the end of this year.

    Capital / Liquidity

    CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA

    By Sanday Chongo Kabange | 08/06/2022

    The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.

    ESG / Sustainability

    Five Banks Join HKMA-IFC Green Banking Initiative

    By Editors | 08/06/2022

    BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.

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