Proposed changes to the banking exposure limits rules and the banking capital rules are open for comment until 21 April.
March 20, 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, 2022A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
April 20, 2022The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.
December 31, 2021The new platform will serve as an interface for credit providers and CRAs to share credit data, as Hong Kong prepares to introduce additional CRAs in the city.
December 20, 2021Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.
December 13, 2021