HONG KONG MONETARY AUTHORITY

Market Infrastructure

Chinese Regulators Respond to US Threat Against Hong Kong

By Manesh Samtani | 08/06/2020

The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.

HKMA Initiative to Nurture Young Talent for Banking Industry

By Editors | 04/06/2020

The HKMA will sponsor up to half of the salaries of the fresh graduates employed by firms that participate in the Banking Talent Programme.

AML / KYC

HKMA Offers Guidance on AML Controls for Remote Onboarding

By Manesh Samtani | 03/06/2020

The HKMA has published its observations of good practices used by authorised institutions to mitigate the potential risks of new technology adopted for remote onboarding.

Capital / Liquidity

HKMA Issues Guidance on Treatment of Loans Under Relief

By Editors | 26/05/2020

The HKMA’s guidance on the treatment of loans subject to government guarantees and payment moratoriums is largely in line with guidance issued by the BCBS last month.

Market Infrastructure

HKMA Publishes Findings from Bank Culture Reform Initiative

By Manesh Samtani | 24/05/2020

As a next step, the HKMA will conduct more focused reviews on retail banks’ front office in relation to the distribution of banking, investment and insurance products.

Fintech / Regtech

HK Banks See Fintech More As Opportunity Than Threat – Study

By Editors | 20/05/2020

Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.

Securities / Derivatives

HKMA, SFC to Jointly Review OTC Product Pricing at Intermediaries

By Manesh Samtani | 19/05/2020

The thematic review will assess the spreads intermediaries charge for non-exchange traded investment products such as bonds and structured products.

AML / KYC

FSI Takes Stock of Official Sector Response to Rising Financial Crime

By Manesh Samtani | 17/05/2020

There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.

Market Infrastructure

HKMA Launches ‘Greenness’ Assessment Framework

By Editors | 13/05/2020

Around 50 AIs will initially be expected to complete the assessment for end-2019 within 12 weeks. Other AIs are encouraged to reflect on their readiness to address climate and environmental risks.