All posts tagged "HKMA"
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231Hong KongSFC, HKMA to Launch New Survey to Assess Product Selling Risks
The survey will help the SFC and HKMA identify risks associated with the selling activities of intermediaries and coordinate their responses to address areas of common concern.
December 10, 2019 -
329Capital RegulationHong Kong Introduces New Loan Guarantee Scheme for SMEs
LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.
December 10, 2019 -
315AML / KYCIMF Commends Hong Kong’s Financial System Resilience
The IMF also came out in support of the government’s policies to boost the economy, safeguard financial stability, and combat money laundering and terrorism financing.
December 5, 2019 -
515Contributed ArticleWhy the HKMA is Taking ESG Investing Seriously
The head of risk for the de-facto central bank's investment portfolio explains why it is implementing ESG principles into its investing practices.
November 26, 2019 -
301Capital RegulationSignificant Variation Among Banks in HKFRS 9 Reporting – Study
Only some banks have been able to fully address the HKFRS 9 financial disclosure requirements, according to a new study from Mazars Hong Kong.
November 26, 2019 -
382FeatureHKMA Warns FIs Against Churning Investment Funds for Clients
The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.
November 25, 2019 -
446Market InfrastructureMAS, ABS Conclude 6th Crisis Response Testing Exercise
‘Exercise Raffles’ brought together the public and private sectors – including the FS-ISAC, HKMA, CSA, SGX, SWIFT and FIS Global – to test cyber and operational disruption response capabilities.
November 23, 2019 -
764Asia-PacificHong Kong Leads Asia on LIBOR Transition Readiness: KPMG
Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.
November 21, 2019 -
1.0KAsia-PacificExploring APAC’s Emerging Data-Intensive Regulatory Environment
APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.
November 15, 2019 -
240Enforcement
SFC Bans Former HSBC Relationship Manager for One Year
The former relationship manager used incomplete application forms pre-signed by the client to effect unit trust transactions without specific authorisation.
November 7, 2019
