The guidance focuses on the measures banks should have in place to ensure continuity of access to FMI services in a resolution scenario.
September 1, 2023All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.
June 3, 2023Banks must report by 15 May on whether they and/or their subsidiaries carry on trust business in Hong Kong. The new rules commence on 1 June.
May 4, 2023The Credit Reference Platform is a key step towards introducing multiple CRAs in Hong Kong, a plan set into motion by TransUnion's 2018 data breach.
November 29, 2022The options seek to ensure BNPL is subject to appropriate regulation that balances consumer protection while still encouraging innovation.
November 29, 2022The new code establishes obligations for more inclusive banking products, expanded lending obligations and guarantor protections, and greater support for vulnerable customers.
November 7, 2022The FSC is seeking to strengthen controls around the interactions and communications between financial institutions and their major shareholders.
October 24, 2022The review was launched six months early in response to feedback from stakeholders. The findings are due to be reported by 1 March 2023.
October 20, 2022The new Life Code takes effect on 1 July 2023, providing the industry with twelve months to transition and make the necessary systems changes.
June 29, 2022Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.
May 30, 2022