Hong Kong Monetary Authority

Trading & Investment

Northbound Trading for Swap Connect Has Launched

By Manesh Samtani | 15/05/2023

At the opening bell, 37 transactions worth about $273mn were executed involving participation from 16 foreign institutions.

Emerging Prudential Risks

Hong Kong Roundtable: Bankers Explore Evolving Risk Landscape

By Editors | 14/05/2023

Regulation Asia and Wolters Kluwer held a roundtable with Hong Kong bankers to discuss the evolving risk landscape in the city.

Credit Risk

HKMA Consults on Revised Large Exposures Reporting Templates

By Mark Johnston | 12/05/2023

The revisions aim to implement BELR changes, enhance credit risk monitoring, and address prudential reporting of related party transactions.

Trading & Investment

HKEX May Allow Market to Remain Open During Typhoons

By Editors | 12/05/2023

A working group from HKEX and the HKMA is reportedly drafting a plan to allow trading to continue as normal during typhoons and rainstorms.

Capital Adequacy

HKMA Specifies Regulatory Treatment of Swap Connect Margins

By Editors | 10/05/2023

Margins posted by banks to OTC Clear for participating in Swap Connect should be treated in the same manner as default fund contributions.

Data Privacy

HKMA Issues Regtech Guide on Protecting Customer Data

By Editors | 10/05/2023

The guide offers implementation advice for using Regtech solutions to enhance customer privacy protection and streamline data processing operations.

Fraud, Scams & Cybercrime

MAS to Consult on Scam Loss Sharing Framework in Q3

By Manesh Samtani | 09/05/2023

Senior Minister Tharman Shanmugaratnam said the framework will include obligations for telcos, not just FIs and consumers.

Anti-Money Laundering

HKMA Calls for Broader Adoption of Network Analytics by Banks

By Manesh Samtani | 09/05/2023

Around 60 percent of retail banks in Hong Kong are now deploying network analytics. Some are using this capability to file “super STRs”.

Credit Risk

Hong Kong Financial System Remains Resilient: IMF Staff

By Editors | 07/05/2023

IMF staff said credit risk will “likely continue to materialise”, and banks should properly recognise and provision for credit losses, including those from Mainland property exposures.