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HK Regulators to Assess Sales Practices of Tax-deductible Products
By Mark Johnston | 03/01/2022
A mystery shopping programme is being launched by the HKMA, MPFA and IA to assess the extent to which statutory and regulatory objectives are being met by intermediaries.
HKMA Endorses Proposal to Better Protect Mortgage Borrowers
By Editors | 31/12/2021
The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.
HKMA Issues Guidance on Compliance with ‘Stay Rules’
By Editors | 30/12/2021
The HKMA may issue directions to banks or their holding companies if it believes non-compliance with the Stay Rules (including by a related company) may impede orderly resolution.
Fintech / Regtech
BOT to Delay Testing of Retail CBDC to Late 2022
By Editors | 30/12/2021
After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.
Capital / Liquidity
HKMA Removes Bank of East Asia from D-SIBs List
By Editors | 28/12/2021
The Bank of East Asia was no longer identified as a D-SIB in the assessment considering its systemic importance relative to other institutions, the HKMA said.
Market Infrastructure
HKMA Moves to Reduce LIBOR-related Reporting Frequency
By Editors | 24/12/2021
The move from monthly reporting back to quarterly reporting means the next reporting position after December 2021 will be March 2022.
AML / KYC
HKMA Asks Banks for ‘Active Participation’ in CDI Initiative
By Editors | 23/12/2021
The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.
Market Infrastructure
HKMA Proposes New Guidance on Operational Resilience
By Manesh Samtani | 23/12/2021
Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
Press Release
Regulation Asia: Top 20 News Stories for 2021
By Editors | 23/12/2021
This list presents the most-read new stories published by Regulation Asia in 2021, based on aggregated user traffic analytics.
Capital / Liquidity
HKMA Consults on Local Adoption of Pillar 3 Disclosure Requirements
By Manesh Samtani | 23/12/2021
The HKMA proposes to implement almost all the Pillar 3 disclosure requirements, including leverage ratio and market risk disclosure requirements.
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