All posts tagged "HKAB"
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110Hong KongHKMA 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 -
167AML / 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 -
1.2KHong Kong
HKMA Instructs Banks to Assess Need for Tertiary Data Backup
Banks are asked to critically assess the need to set up a secure tertiary data backup to guard against destructive cyber attacks.
May 19, 2021 -
5.7KFintech / RegtechHKMA Sets Out Next Steps to Implement Open API Framework
Phase 3 and 4 API functions will be implemented progressively by 28 participating banks starting from December 2021, the HKMA says.
May 14, 2021 -
353Feature
HKMA, BOJ Launch Cross-border DvP Link for JGBs
The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.
April 2, 2021 -
563AML / KYCHK: BNO Passports May Not be Used for Early MPF Withdrawal
MPF scheme members cannot rely on a BN(O) passport or its associated visa as evidence in support of an application for early withdrawal of MPF.
March 11, 2021 -
334AML / KYCHK Banks Told to Stop Accepting BNO Passports as Valid ID
The HKAB updated its guidance for banks after the government said it would no longer recognise BN(O) passports as valid travel documents or forms of identity.
February 9, 2021 -
573Feature
HKMA Finalises New Reporting Form for Consolidated Accounts
The new Return of Consolidated Accounts will help the HKMA monitor banking sector developments and strengthen the consolidated supervision of locally incorporated banks.
November 18, 2020 -
1.6KFeature
HKMA Launches Upgraded Cybersecurity Fortification Initiative
CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.
November 4, 2020 -
1.2KCapital Regulation
HKMA Consults on Amendments to D-SIB Framework
The amendments are aimed at improving the assessment of banks' complexity in the D-SIB identification process, and reducing the weight of the size factor, among other changes.
October 30, 2020
