All posts tagged "HKMA"
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365AML / KYCHKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
438EnforcementHKMA Delegated Powers to Inspect Banks’ Insurance Business
The Insurance Authority is delegating inspection and investigation powers to the HKMA in relation to insurance related business conducted by authorised institutions.
July 22, 2019 -
317Asia-PacificBOT Concludes Project Inthanon’s Second Phase
Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.
July 22, 2019 -
696ChinaHong Kong, China Framework Comparison – Conduct and Culture
Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai compare China and Hong Kong's regulatory frameworks in relation to culture and conduct.
July 19, 2019 -
1.3KAML / KYCThe Rise of Digital Banks in Asia Raises Compliance Questions
The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019 -
670Capital Regulation
HKMA Asks Banks to Prepare Systems for Revised Leverage Ratio
Both the revised leverage ratio treatment of client cleared derivatives and the revised disclosure requirements will come into effect in Hong Kong on 1 January 2022, in line with the BCBS timetable.
July 15, 2019 -
1.1KAustralia & NZOpen Banking, APIs Will Unlock a Host of Opportunities: NPP Australia
A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.
July 8, 2019 -
382Feature
Hong Kong ‘Greenness’ Assessment Framework for Banks by Year-End
The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA's participation in the NGFS.
July 2, 2019 -
567Fintech / RegtechBIS ‘Innovation Hub’ to Set Up in Hong Kong, Singapore
The BIS Innovation Hub will foster collaboration between central banks and, by extension, help the private sector fully realise 'new economy' opportunities.
July 2, 2019 -
556Capital Regulation
Amended Bank Liquidity Rules to Take Effect 1 Jan: HKMA
The amendments expand the scope of HQLA recognisable as "level 2B assets" under the LCR and introduce a 5% stable funding requirement on total derivative liabilities under the NSFR.
July 1, 2019
