AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.
April 8, 2020FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.
January 23, 2020HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.
November 2, 2017