All posts tagged "HKMA"
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196Asia-PacificAPAC Firms Lag in IBOR Transition Preparation – Report
Apart from G-SIBs operation in the region, APAC firms are not prepared for the transition away from IBORs, according to a new report from Sia Partners.
August 5, 2020 -
175FeatureHKMA Defers Trade Facility Repayments by a Further 90 Days
Banks have agreed to allow corporate customers who still face cash-flow pressures to further extend their trade facilities for a further 90 days, on top of the 90 days granted from May.
August 5, 2020 -
960Fintech / RegtechHKMA, BIS Innovation Lab Seek Solutions in Trade Finance
Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.
August 4, 2020 -
1.6KContributed ArticleCulture Audits: Removing the Blindfold
To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.
August 3, 2020 -
294Feature
HKMA Relaxes Rules on Retail Sales of Government Bonds
Banks can forgo suitability assessments and audio recordings when distributing low-risk, non-complex retail tranches of Hong Kong or Mainland government bonds.
August 3, 2020 -
1.1KAML / KYCHKMA Issues AML Guidance to Banks As Pandemic Persists
The guidance sets out key practices banks have been using to manage customer due diligence, resource pressure, and emerging threats in the context of Covid-19.
July 30, 2020 -
480Big PictureThird Global Financial Crisis May Be Imminent: ex-HKMA Chief
Former HKMA head Joseph Yam worries that the world may slip into a third financial crisis due to insufficient liquidity and dwindling spending caused Covid-19.
July 30, 2020 -
1.1KFintech / RegtechWeLab Bank Announces Public Launch of Virtual Banking Services
WeLab Bank was the only stand-alone company to win a virtual bank licence from the HKMA. It commenced pilot services in April.
July 30, 2020 -
1.6KFintech / Regtech
HKMA Asks Banks to Participate in KPMG Regtech Stocktake
HKMA has appointed KPMG as an external consultant to conduct surveys and interviews with banks and technology firms on Regtech development in Hong Kong.
July 28, 2020 -
594Hong Kong
HKMA Aligns Benchmark Reform Guidance for Banks with BCBS
HKMA's new guidance covers issues with benchmark reform relating to the definition of capital, market risk, counterparty credit risk, liquidity and operational risk.
July 27, 2020
