All posts tagged "HKMA"
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842FeatureHKMA Unveils Plans to Link eTradeConnect, CDI, mBridge
HKMA's Eddie Yue said the combined power of the three infrastructures will pave the way for digitalising cross-border trade across APAC.
January 28, 2022 -
686ChinaFive More HK Banks Approved to Launch WMC Services
Chiyu Banking Corporation, Chong Hing Bank, Fubon Bank, Shanghai Commercial Bank, and China Everbright Bank can launch WMC services.
January 28, 2022 -
965FeatureHKMA Issues Regtech Guide on Managing Cyber Risk
The guide will help banks apply Regtech solutions for cyber risk management, including to address risks from container technology and remote working.
January 26, 2022 -
2.4KAML / KYC‘Focus on Fundamentals’ Could be Financial Crime Achilles Heel
New research suggests more meaningful financial crime prevention may be achieved with targeted investments in higher risk areas.
January 26, 2022 -
661FeatureHKMA Emphasises PvP Settlement in Revised FX Guidance
Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
January 19, 2022 -
714Hong KongHong Kong Anti Covid Restrictions Take Toll on Banks
Banks including Goldman Sachs, Bank of America, Morgan Stanley and UBS are struggling to bring key executives into Hong Kong due to flight bans.
January 18, 2022 -
698AML / KYC
HKMA Fines Prepaid Card Issuer 33FS for AML/CTF Deficiencies
The case involved control deficiencies in respect of 33 Financial Services Limited's transaction monitoring and name screening systems, the HKMA said.
January 17, 2022 -
746Capital Regulation
HKMA Issues Draft Guidance on Liquidity and Funding in Resolution
The HKMA expects banks to be able to model liquidity and funding needs in a resolution scenario over various time horizons.
January 16, 2022 -
1.2KFintech / RegtechHKMA to Introduce Regulatory Framework for Stablecoins
Only Hong Kong incorporated entities licensed by the HKMA would be allowed to actively market stablecoins to the local public.
January 13, 2022 -
470Hong KongHK Banks Extend Repayment Deferment for Trade Facilities
The HKMA cited uncertainties caused by the spread of Covid-19 and global supply chain disruptions that are continuing to pressure corporates.
January 12, 2022
