All posts tagged "HKMA"
-
38Contributed ArticleSingapore Convention Ushers in New Era for International Mediation
The Singapore Convention further legitimises mediation as a viable method of cross-border dispute resolution, say Amanda Lees and Eric Chan at Simmons & Simmons.
September 23, 2019 -
696Fintech / RegtechHKMA Signs Operational Agreement for BIS Innovation Hub
The Hub will foster collaboration between central banks and scale up the application of innovative technologies globally, says the HKMA’s Norman Chan.
September 18, 2019 -
106FeatureHong Kong Virtual Banks Likely to Delay Launch – Report
Hong Kong virtual banks are reportedly delaying plans to start promotional campaigns partly in response to city-wide protests, among other reasons.
September 18, 2019 -
426EnforcementSFC Fines HSBC HK$2.1m for Phone Recording Failures
Voice recording was inadvertently not enabled on some private banking service lines, resulting in over 5,800 client order instructions not being tape-recorded.
September 11, 2019 -
587AML / KYCHKMA Offers Guidance in Response to FATF Report
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
September 6, 2019 -
1.1KAML / KYC
FATF Releases Mutual Evaluation Report for Hong Kong
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
September 4, 2019 -
963Capital Regulation
HKMA Allows Lenders to Expand Use of Tech in Retail Lending
The HKMA is allowing lenders to further develop business involving the use of innovative financial technology to assess and approve personal loan applications.
August 30, 2019 -
674Capital Regulation
HKMA Introduces New Liquidity Facilities for Banks
The updated Liquidity Facilities Framework is part of ongoing work to maintain the integrity and stability of Hong Kong’s monetary and financial systems, said HKMA chief Norman Chan.
August 27, 2019 -
474AML / KYC
HKMA Issues Clarification on Non-Face-to-Face Onboarding
In line with SFC requirements, the HKMA says banks need not re-verify a client’s identity when opening an investment account if they’ve already done so for bank account opening.
August 24, 2019 -
381Capital Regulation
HKMA Adjusts Initial Margin Implementation Schedule
The HKMA has adjusted its implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.
August 19, 2019
