All posts tagged "HKMA"
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279FeatureHKMA Publishes Findings from Bank Culture Reform Initiative
As a next step, the HKMA will conduct more focused reviews on retail banks' front office in relation to the distribution of banking, investment and insurance products.
May 24, 2020 -
1.0KFeatureHK Banks See Fintech More As Opportunity Than Threat – Study
Over 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 -
478Feature
HKMA, SFC to Jointly Review OTC Product Pricing at Intermediaries
The thematic review will assess the spreads intermediaries charge for non-exchange traded investment products such as bonds and structured products.
May 19, 2020 -
803AML / KYCFSI Takes Stock of Official Sector Response to Rising Financial Crime
There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.
May 17, 2020 -
443FeatureHKMA Launches ‘Greenness’ Assessment Framework
Around 50 AIs will initially be expected to complete the assessment for end-2019 within 12 weeks. Other AIs are encouraged to reflect on their readiness to address climate and environmental risks.
May 14, 2020 -
1.4KCapital RegulationHKMA Support Measures and the Impact to the Banking Industry
Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020 -
1.2KBig PictureRegulatory Initiatives to Address Culture & Conduct Risk in Banking
In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.
May 11, 2020 -
835Feature
HKMA Proposes Mandatory Reference Checks to Stop Rolling Bad Apples
Under the scheme, prospective employees would be required to disclose employment records to recruiting AIs before a new employment relationship is established.
May 8, 2020 -
518EnforcementSFC Fines Mega International Commercial Bank Over Sales Practices
Mega did not properly assess clients’ investment objectives, risk tolerance levels and knowledge of derivatives, or ensure the suitability of its fund recommendations for clients.
May 7, 2020 -
368Hong KongHong Kong Set to Commence Fixed-rate Mortgage Pilot
Under the six-month pilot scheme, participating banks will offer fixed-rate mortgage loans, capped at HK$10mn per loan transaction, and subject to a total aggregate cap of HK$1bn.
May 6, 2020
