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Emerging Prudential Risks
US Fed Raises Interest Rates by Most Since in 28 Years
By Editors | 16/06/2022
The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.
Clearing & Post-Trade
HKMA Chief Outlines Plans to Enhance CMU Services
By Editors | 13/06/2022
The Central Moneymarkets Unit will be further commercialised and upgraded in phases over three years. A new platform will be launched in 2025.
Structural Regulation
HKMA Invites Global Banks to November Summit in Hong Kong
By Editors | 10/06/2022
The two-day summit is reportedly aimed at reversing an exodus of financial talent from Hong Kong after more than two years of Covid-19 measures.
Climate Risk
Taiwan Banks to Undergo Climate Change Stress Tests in 2023
By Editors | 08/06/2022
The local banking association is developing the climate-change stress tests, the content of which will be finalised by the end of this year.
Capital Adequacy
CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA
By Sanday Chongo Kabange | 08/06/2022
The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.
Sustainable Finance
Five Banks Join HKMA-IFC Green Banking Initiative
By Editors | 08/06/2022
BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.
Operational Risk
HSBC, Hang Seng Suffer Internet Banking, ATM Disruption
By Editors | 06/06/2022
Finance sector legislator Chan Chun-ying said he expects the HKMA to demand detailed reports on the incident from the two banks.
Structural Regulation
HKMA to Consult on BNPL Protections in ‘Coming Months’
By Sanday Chongo Kabange | 04/06/2022
Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.
Operational Risk
HK Banks Given Four Years to Achieve Operational Resilience
By Manesh Samtani | 01/06/2022
The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
Structural Regulation
HKMA Directs Banks to Comply with New Rules for Trust Business
By Editors | 29/05/2022
Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.
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