All posts tagged "HKMA"
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1.6KAML / KYCJPMorgan Hong Kong Fined for Inadequate AML/CTF Controls
An HKMA investigation found that JPMorgan Hong Kong failed to establish and maintain effective controls for handling wire transfers, conducting CDD and monitoring business relationships.
December 30, 2018 -
1.5KFeatureHKMA to Require Banks to Report on Culture Reform
First phase of bank culture self-assessments will cover about 30 institutions, including all major retail banks and selected foreign bank branches.
December 20, 2018 -
638Capital / LiquidityHKMA Asks Local Banks to Study Latest Pillar 3 Requirements
The HKMA advises banks to start considering the system changes necessary to implement the Basel Committee's latest Pillar 3 disclosure requirements.
December 19, 2018 -
902Capital / Liquidity
HKMA Issues Revised SPM for Local IRRBB Implementation
Authorised institutions should be ready to measure and report IRRBB exposures using the new standardised framework by 1 July 2019.
December 17, 2018 -
944Capital / LiquidityIMF Commends Hong Kong for Strong Buffers, Robust Policy Frameworks
Years of prudent macroeconomic policies and robust financial regulation and supervision will help Hong Kong weather possible domestic and external shocks, the IMF says.
December 12, 2018 -
1.2KFeature
HKMA to Grant Virtual Banking Licences in Q1 2019
The HKMA has provided an update on the processing of virtual banking applications, saying it will shortlist one-third of remaining applicants with an aim to granting licences in Q1 2019.
December 10, 2018 -
1.3KAML / KYCTransUnion Online Service Suspended in Hong Kong – Reports
The HKMA and privacy commissioner have demanded security improvements after reporters were able to access top officials' credit reports through TransUnion's online service.
December 3, 2018 -
719ChinaMore Work Required to Remove Legal Barriers to Trade Reporting – FSB
While a number of legal barriers on reporting and accessing of trade data have been removed, some still remain. China’s position on trade data access remains uncertain.
November 22, 2018 -
867Big Picture
“Good Progress” On OTC Reform Among G20 Nations – FSB
The FSB found progress in OTC reform implementation on among 24 member jurisdictions, with great strides on trade reporting and higher capital on non-centrally cleared derivatives.
November 21, 2018 -
912Capital / Liquidity
Hong Kong Set to Finalise TLAC Rules
New rules governing bank TLAC holdings, concentration risk in sovereign exposures have been gazetted and will be presented before LegCo on 21 November.
November 19, 2018
