All posts tagged "HKMA"
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6.1K1Asia-PacificThe Use of Regulatory Sandboxes in Europe and Asia
Asia presents a unique mix of technological advancements and interconnected economic and regulatory systems, which makes it the perfect environment for rapid business growth for fintech/regtech companies with ambitious goals.
September 6, 2018 -
2.3KFintech / RegtechHKMA Receives 29 Bids for First Round of Virtual Bank Licences
Standard Chartered, WeLab, Zhong An Bank and HKT among several banking, technology and telecom firms applying for virtual banking licenses.
September 3, 2018 -
1.3KCapital RegulationHKMA to Exempt Overseas Incorporated Banks from IRRBB Framework
Central bank to exempt institutions incorporated overseas from new local IRRBB framework in cases where parent group is not additionally represented in Hong Kong through a locally incorporated institution.
September 3, 2018 -
702ChinaHK-China Bond Connect Enables DvP Settlement
A key demand from international investors, a real-time delivery-versus-payment settlement system has now been implemented on the Bond Connect.
August 27, 2018 -
3.0KContributed Article
Virtual Banks in Hong Kong: Bringing Risks and Opportunities To Asia
A new era of smart banking in Hong Kong is anticipated to begin at the end of this year with the establishment of virtual banks. Competent players will embrace enormous opportunities to challenge the city's traditional banking model.
August 21, 2018 -
1.3KAML / KYCHKMA Reprimands, Fines Shanghai Commercial Bank for AML/CFT Failures
The bank was fined HK$5mn for ineffective procedures for continuous monitoring of business relationships and due diligence on pre-existing customers.
August 20, 2018 -
1.1KAustralia & NZFinancial Regulators Consult on ‘Global Sandbox’ Approach
HKMA, MAS, ASIC among 12 regulators seeking views from interested parties on new Global Financial Innovation Network initiative, including its role, tools and where it should prioritise activity.
August 9, 2018 -
745AML / KYCAccount Opening Woes Causing Loss of Business in Hong Kong – HKICS
HK Institute of Chartered Secretaries survey found 68% of member believe Hong Kong has been losing out on businesses because of non-transparent and onerous bank account opening processes.
August 7, 2018 -
725Capital Regulation
Hong Kong Bank Exposure Rules Compliance Pushed to Mid 2019
HKMA has extended the implementation deadline for its bank exposure limit rules to 1 July 2019 given the tight implementation deadline and concerns raised by the industry.
July 30, 2018 -
753Capital Regulation
HKMA Releases Loss-Absorbing Capacity Consultation Conclusions
HKMA had consulted on the minimum required capital needed by systemically important institutions in case they are rendered non-viable.
July 26, 2018
