Corporate customers can further extend their trade facilities for another 90 days until the end of October, when the scheme will expire.
July 16, 2021The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.
July 16, 2021Banks are asked to distribute a leaflet to all corporate customers by 31 July 2021 and to send confirmation to the HKMA after the exercise is complete.
July 14, 2021HKMA statistics show that phishing frauds in the first six months of 2021 were up 145% from the first half of 2020.
July 8, 2021The HKMA's enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.
July 2, 2021At the HKMA's flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a corporate version of iAM Smart.
July 2, 2021A PBOC official reportedly said experts working on the common taxonomy are expected to complete the final version by the end of this year.
July 1, 2021The HKMA's Darryl Chan reportedly said mandatory climate disclosure requirements could arrive in Hong Kong as early as next year.
June 28, 2021Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.
June 28, 2021A unit of Toronto-Dominion Bank will be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.
June 25, 2021