All posts tagged "HKAB"
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270FeatureMortgage Refinancing Transactions Made Safer in Hong Kong
Under the new PAPT mechanism, mortgage refinance proceeds can be transferred directly from one bank to another rather than via a law firm.
July 22, 2022 -
261Hong KongHKMA Extends Repayment Deferments for Trade Facilities
Significant uncertainty lies ahead for import and export businesses, the HKMA said. The scheme will fully expire at the end of October.
July 21, 2022 -
416Capital / LiquidityHKMA Seeks Bank Feedback on Lower Lending Rate Caps
Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called 'extortionate' rate from 48 to 36 percent p.a.
June 20, 2022 -
692FeatureHKMA Sets Timeline for Mandatory Reference Checking Regime
Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.
May 9, 2022 -
581Feature
HKMA to Develop Additional Safeguards for Bank Customers
A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
April 20, 2022 -
548Feature
HKMA Endorses Proposal to Better Protect Mortgage Borrowers
The 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, 2021 -
767Hong KongHKMA Sets Targets for Launch of New Credit Reference Platform
The 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, 2021 -
513FeatureHK Associations Published Revised Code of Banking Practice
Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.
December 13, 2021 -
194Hong Kong
HKMA Announces Final Extension for Trade Loan Deferrals
Corporate customers can further extend their trade facilities for another 90 days until the end of October, when the scheme will expire.
July 16, 2021 -
272AML / KYC
HKMA Launches Campaign to Raise Awareness of Phishing
HKMA statistics show that phishing frauds in the first six months of 2021 were up 145% from the first half of 2020.
July 8, 2021
