Hong Kong Monetary Authority

Climate Risk

HKMA Study: Climate Change Will Dampen Housing Prices

By Editors | 26/12/2023

The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run.

Cryptocurrency

Hong Kong SFC to Permit Listing of Spot Crypto ETFs

By Manesh Samtani | 23/12/2023

HKEX welcomed the SFC’s move, saying it will enhance Hong Kong’s role as a leading digital asset hub across the region.

Data Privacy

HKMA Announces Launch Date for Bank Account Data Sharing Pilot

By Editors | 22/12/2023

The IADS pilot programme will commence on 1 January 2024 with the participation of 28 banks, covering deposit account information.

Conduct, Culture & Accountability

HKMA Issues Guidance for Banks on Digital Marketing

By Sanday Chongo Kabange | 21/12/2023

Banks are asked to review their digital marketing activities for general banking products to ensure consumer protections are in place.

Credit Risk

HKMA Addresses Rumours that Banks are Calling in Loans

By Mark Johnston | 21/12/2023

Rumours have emerged that banks are demanding early repayments from borrowers whose collateral values have fallen. The HKMA says this is not the case.

Sustainable Finance

HKMA, Dubai FSA Collaborate to Accelerate Sustainable Finance

By Ranamita Chakraborty | 20/12/2023

Both regulators are set to host the upcoming Joint Climate Finance Conference next year to explore common opportunities in transition financing.

Anti-Money Laundering

HKMA Fines SVF Licensee TNG for AML Compliance Failures

By Sanday Chongo Kabange | 19/12/2023

The HKMA said TNG had no audit trail from MLRO reviews and did not take appropriate steps to assess whether STRs should be filed.

Conduct, Culture & Accountability

HKMA Proposes Updated Guidance to Address Banking Sector Talent Gaps

By Manesh Samtani | 19/12/2023

The revised guidance includes new expectations on manpower planning and staff training to ensure banks can fill their talent gaps.

Liquidity Risk

HKMA Sets Expectations on Managing Risk, IRRBB, Liquidity

By Manesh Samtani | 17/12/2023

Banks should establish social media monitoring frameworks, develop plans to respond to negative publicity, and limit how much HTM securities are held as HQLA.