The roadmap has five pillars, each comprising several action plans. Separate rules will be established for digital assets with the characteristics of securities.
February 7, 2023Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.
January 17, 2023Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.
January 5, 2023Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.
December 23, 2022A machine learning model was used to gain insights from industry data that will help improve the retail investor experience and outcomes.
November 9, 2022The FRAA will focus its first review of APRA on its supervision and resolution functions in relation to superannuation.
November 7, 2022The streamlined requirements will help lenders accelerate the adoption of advanced data analytics in credit underwriting.
October 28, 2022The Consumer Council is calling on non-bank BNPL service providers to apply for a Money Lenders Licence and to implement consumer protection measures "as soon as possible".
October 18, 2022A national risk assessment found remittance agents and banks to be the most vulnerable. MAS will develop new guidance for both sectors.
October 10, 2022APRA expects all trustees to evaluate and improve their processes for selecting, monitoring and overseeing outsourcing arrangements.
October 8, 2022