A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.
March 16, 2023The report introduces a data management framework and a model risk management framework to help FIs manage climate-related data and model risks.
December 22, 2022Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.
June 16, 2022BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.
June 8, 2022An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong's financial industry.
November 1, 2021Algorithmic trading and high-frequency trading were generally not found to have a deteriorating impact on market liquidity or increase market volatility.
June 29, 2021To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.
November 27, 2020The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.
August 24, 2020Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.
May 21, 2020