All posts tagged "HKMA"
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52FeatureHKMA Updates Guidance on Bank Remuneration Systems
Banks are expected to review their remuneration systems and adopt all necessary changes by 1 January 2022, the HKMA says.
July 30, 2021 -
148AML / KYCHKMA Issues Guide for Regtech Adoption in Customer Monitoring
The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
July 27, 2021 -
92Fintech / Regtech
HKMA Launches Commercial Data Interchange Innovation Hub
The Hub will further facilitate the development and adoption of the CDI by helping to match potential data providers and data users.
July 23, 2021 -
222AML / KYCHKMA Targets Effectiveness in Addressing AML, Fraud risk
HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
July 22, 2021 -
56Capital Regulation
HKMA Revises Policy Manual on Bank Group Supervision
The SPM module was revised to reflect the current supervisory approach and practices adopted by the HKMA and to incorporate international standards.
July 21, 2021 -
266FeatureHKMA Issues Draft Guideline for Banks on Climate Risk Management
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
July 21, 2021 -
74Hong Kong
HKMA Publishes Criteria for PE Funds Seeking Tax Concession
A fund should have operating expenditure incurred in Hong Kong for the provision of investment management services amounting to at least H$2mn.
July 18, 2021 -
62Hong 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 -
148Hong KongHong Kong Launches Centre for Green and Sustainable Finance
The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.
July 16, 2021 -
108Hong Kong
HKMA Asks Banks to Bolster Corporate Awareness of LIBOR Cessation
Banks are asked to distribute a leaflet to all corporate customers by 31 July 2021 and to send confirmation to the HKMA after the exercise is complete.
July 14, 2021
