All posts tagged "HKMA"
-
759Contributed ArticleHKMA’s Operational Resilience Standards: An ‘Adapt and Learn’ Approach
Lisa Huang and Shannon Wong offer guidance on making a timely start to compliance with HKMA’s new operational resilience framework.
May 19, 2022 -
305FeatureCapital Outflows Prompt HKMA Intervention to Defend Currency Peg
The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.
May 13, 2022 -
450ChinaFirst Rural Lender Added to Greater Bay WMC Scheme
Shenzhen Rural Commercial Bank has partnered with DBS Hong Kong to offer cross-border wealth management services to mainland residents in the GBA.
May 11, 2022 -
538Feature
HKMA Sets Timeline for Mandatory Reference Checking Regime
Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.
May 9, 2022 -
379Capital RegulationHong Kong Banks Barred from Suing Defaulting Landlords
For 3 months, lenders may not take action against landlords who default on secured loans as a result of a rental enforcement moratorium being imposed in Hong Kong.
May 5, 2022 -
614Feature
HKMA Issues Regtech Guide on Adopting AI-based Solutions
The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.
May 2, 2022 -
632FeatureSFC Grants In-principle Approval to HashKey Crypto Platform
HashKey's platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.
April 30, 2022 -
423Hong Kong
HKMA Launches New Initiative to Address Banking Talent Gap
The initiative is aimed at growing the banking sector talent pool in three areas, namely fintech, green and sustainable finance, and GBA business.
April 29, 2022 -
495Feature
HKMA Consults on CBDC Policy and Design Choices
The paper says e-HKD could bring could present challenges to Hong Kong’s currency and financial stability, as well as the city’s role as an international financial centre.
April 28, 2022 -
315EnforcementHong Kong: ICAC Charges Three Over Mortgage Fraud
A property buyer and two estate agents understated the purchase price so the mortgage would be subject to a lower LTV cap.
April 28, 2022
