HONG KONG MONETARY AUTHORITY

Fintech / Regtech

HKMA Outlines Regtech Use Cases for Treasury Operations

By Editors | 21/03/2021

The use cases presented include solutions to detect rogue trading activities, standardise derivatives trading lifecycle events, and enhance liquidity risk monitoring.

AML / KYC

Stress Testing Your Sanctions Screening Effectiveness

By Manesh Samtani | 18/03/2021

Independent testing can serve as a functional, scientific and transparent approach to bolster the effectiveness and efficiency of sanctions screening systems.

Market Infrastructure

HKMA Urges Continued Progress on LIBOR Transition Efforts

By Manesh Samtani | 18/03/2021

The HKMA’s Edmond Lau highlighted three essential elements for LIBOR transition: operational and system capabilities, effective coordination; commitment from top management.

Market Infrastructure

HKMA to Commence Review of Front Office Incentive Systems

By Manesh Samtani | 17/03/2021

The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.

Securities / Derivatives

Hong Kong to Further Develop Structured Credit Markets

By Manesh Samtani | 17/03/2021

Structured credit products can help to raise green capital from international investors to support China’s transition to its 2060 carbon neutrality target.

AML / KYC

HK, China Working to Simplify Cross-border Account Opening

By Editors | 15/03/2021

Regulators are reportedly working to simplify cross-border bank account opening processes to facilitate the launch of Wealth Management Connect.

Fintech / Regtech

BOT Unveils Results of ‘CBDC for Business’ Project

By Ranamita Chakraborty | 11/03/2021

The BOT found that DLT increases efficiency for B2B payments, despite limitations in supporting large transaction volumes and preserving transaction privacy.

Market Infrastructure

HKMA Issues Guidance for Bond Connect FX Settlement Banks

By Editors | 09/03/2021

Hong Kong FX Settlement Banks should ensure that FX conversion and hedging transactions arise from “genuine and reasonable” Bond Connect investment needs.

Capital / Liquidity

HKMA Extends Principal Payment Holiday Scheme Again

By Manesh Samtani | 05/03/2021

Principal payments of all loans of eligible corporate borrowers falling due between 1 May and 31 October 2021 should be deferred by a further six months.