Proposed changes to the banking exposure limits rules and the banking capital rules are open for comment until 21 April.
March 20, 2023Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
March 8, 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 PAPT is being introduced to address risks that could arise for residential mortgage customers if a law firm handling a transaction is suspended.
November 8, 2022Dubbed 'Scameter', the search engine allows members of the public to check information such as bank account numbers and email addresses for previous links to scams.
October 7, 2022Standards associated with credit risk, operational risk, the output floor, and the leverage ratio will implemented no earlier than 1 January 2024.
October 6, 2022Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
September 1, 2022Under the new PAPT mechanism, mortgage refinance proceeds can be transferred directly from one bank to another rather than via a law firm.
July 22, 2022Significant uncertainty lies ahead for import and export businesses, the HKMA said. The scheme will fully expire at the end of October.
July 21, 2022Proposed 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