ADVERTISEMENT
Fintech / Regtech
HKMA Directs Banks to Enhance Digital Lending Disclosures
By Manesh Samtani | 07/09/2020
Digital lending platforms have 12 months to enhance disclosures and transparency to ensure borrowers are made to understand the implications of their borrowing decisions.
HKMA Calls on Financial Sector to Support New Recruitment Scheme
By Editors | 06/09/2020
The Financial Industry Recruitment Scheme for Tomorrow scheme aims to create 1,500 full-time jobs in the financial services industry.
Capital / Liquidity
HKMA Extends Principal Payment Holiday Scheme Six Months
By Manesh Samtani | 03/09/2020
Loan principal payments of eligible corporate customers falling due between November 2020 and April 2021 will be deferred by six months. Trade loans will be deferred by 90 days.
Market Infrastructure
Hong Kong: OTC Clear Launches Sponsored Clearing Model
By Manesh Samtani | 31/08/2020
Foreign banks in Hong Kong that are unable to become full clearing members can use the ‘Sponsored Settlement Member’ model to access central clearing via OTC Clear.
Enforcement
SFC Imposes Lifetime Ban on Former China Citic Bank Employee
By Editors | 26/08/2020
The former relationship manager is said to have falsely represented to customers that an additional fee was needed to open an account with CITIC – which he then pocketed.
Fintech / Regtech
Hong Kong AoF Publishes Report on AI Adoption in Banking
By Editors | 23/08/2020
The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.
Market Infrastructure
MAS Becomes First Asian Government Entity to Issue RFR Debt
By Manesh Samtani | 19/08/2020
Singapore is seen to be leading Asia in its preparation for the cessation of LIBOR at the end-of 2021. Earlier this month, MAS announced new initiatives to catalyse SORA markets.
Capital / Liquidity
HKMA Eases LTV Rule for Commercial Real Estate Loans
By Editors | 19/08/2020
Effective from 20 August, the loan-to-value ratio cap is being raised from 40 to 50 percent. The 40 percent cap was introduced in 2009 as a market cooling measure.
AML / KYC
Risk and Reward: AI Enables Active Financial Crime Risk Assessment
By Daniel Banes | 18/08/2020
Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.
Fintech / Regtech
Livi Bank Announces Launch of Virtual Banking Services
By Manesh Samtani | 11/08/2020
Livi Bank, backed by BOCHK, JD Digits and Jardine Matheson, has become the fourth virtual bank to open to the public in Hong Kong.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team