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Operational Risk
HKMA Gives Banks 18m to Enhance Operational Risk Management
By Manesh Samtani | 26/07/2022
Banks are expected to implement the revised SPM module on operational risk management by 25 January 2024.
Resolution & Recovery
HKMA Finalises Guidance on Resolution Planning Expectations
By Editors | 26/07/2022
Resolution planning work will be prioritised for D-SIBs and other locally incorporated banks with total consolidated assets of more than HKD 150 billion.
DeFi & Web3
Hong Kong as a Legal Centre of Excellence for Digital Finance
By Troy Song | 25/07/2022
Many crypto exchanges and institutions already choose Hong Kong as the place to resolve their disputes, but more need to be done, says Troy Song.
Anti-Money Laundering
Regulatory Keynote: Innovative Ways of Working in AML/CFT
By Editors | 25/07/2022
The keynote address at Fraud & Financial Crime Asia 2022 was delivered by Carmen Chu, Executive Director (Enforcement and AML) at the HKMA.
Payments & Settlements
HKMA Further Enhances RMB Liquidity Facility
By Editors | 25/07/2022
The enhancements will increase the size of the RMB Liquidity Facility, streamline its operation, and reduce the rates applicable to overnight repo.
Anti-Money Laundering
HKMA, Cyberport Jointly Promote Use of AML RegTech
By Editors | 22/07/2022
HKMA, Cyberport and Deloitte co-organised the second AMLab, focusing on low-barrier technologies such as RPA and visualisation tools.
Payments & Settlements
Mortgage Refinancing Transactions Made Safer in Hong Kong
By Editors | 21/07/2022
Under the new PAPT mechanism, mortgage refinance proceeds can be transferred directly from one bank to another rather than via a law firm.
Credit Risk
HKMA Extends Repayment Deferments for Trade Facilities
By Editors | 21/07/2022
Significant uncertainty lies ahead for import and export businesses, the HKMA said. The scheme will fully expire at the end of October.
Cloud & Infrastructure
HKMA Issues Regtech Guide on Third-Party Risk Management
By Sanday Chongo Kabange | 19/07/2022
The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.
Cloud & Infrastructure
HKMA, Banks, Bloomberg Launch Fintech Talent Initiative
By Editors | 18/07/2022
The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.
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