All posts tagged "HKMA"
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940ChinaStock Connect Investors Gain Access to Onshore Yuan Rates
Under the new arrangement, northbound Stock Connect investors will be able to hedge yuan exposures using the onshore exchange rate for the first time.
June 24, 2019 -
1.5KFeatureHSBC Scraps Fees Ahead of Virtual Bank Launches
HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.
June 20, 2019 -
1.0KEnforcementComplex Group Arrangements Compound Margin Financing Risks: SFC
Deputy chief Julia Leung says the SFC is concerned that brokers are using complex trading arrangements to circumvent regulatory oversight, among other supervisory priorities.
June 19, 2019 -
898AML / KYCHK Banks Asked to Enhance Customer Interface of Account Opening
The HKMA has published the findings of its mystery shopper programme, which set out to assess customer interface aspects of bank account opening for SMEs and ethnic minorities.
June 18, 2019 -
1.7KAML / KYCHKMA Sets Out AML/CFT Best Practices for SME Onboarding
A thematic review has concluded that authorised institutions have in general applied the risk-based approach to AML/CFT measures, but there is room for improvement.
June 17, 2019 -
1.9KFeatured ArticlesBanks Should Start Considering HONIA Products – HKMA
HKMA Deputy Chief Howard Lee says global banks are the "best equipped" and should be taking the lead in the transition to alternative reference rates.
June 3, 2019 -
3.5KContributed Article
HKMA Steps Towards Regulating Big Data Analytics, AI in FinTech
Herbert Smith Freehills says the HKMA push for adoption of the Ethical Accountability Framework in FinTech development represents a broader movement toward regulating artificial intelligence.
May 24, 2019 -
4.6KAML / KYCHong Kong, China Framework Comparison – KYC Standards
Given the similarities between Hong Kong and China's KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.
May 23, 2019 -
3.6K1Contributed ArticleHong Kong: An Ecosystem Approach to Bank Culture Reform
The HKMA is addressing culture and conduct risk by learning from other markets, engaging with other regulators, and exploring new technology, say Jeff Kupfer and Stephen Scott at Starling Trust.
May 21, 2019 -
2.9KAML / KYCThe Need for a Cross-Sector & Cross-Jurisdictional AML Regime
It's time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
May 16, 2019
