All posts tagged "HKMA"
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1.2KFintech / RegtechHKMA Virtual Bank Rules – Dull, Timid Bureaucracy
Proposed virtual banks rules fail to address the true future of financial services, risking Hong Kong’s descent into irrelevancy.
February 12, 2018 -
890Capital RegulationHK Gives Banking Disruptors a Chance, for $38mn
Deputy chief of Monetary Authority also says banks cannot use ‘predatory tactics’ when competing for market share.
February 7, 2018 -
653Capital Regulation
Hong Kong Amends Banking Rules on Recovery Planning, Large Exposure Limits
New rules will bring Hong Kong bank regulatory regime in line with international standards.
February 6, 2018 -
1.0KCapital Regulation
HK Hikes Capital Buffer Due to High Credit-GDP, Property-Rent Gaps
Central bank chief expresses concern about growing gaps between credit and GDP, property prices and rents.
January 15, 2018 -
763AML / KYC
HKMA Proposes Open APIs for Financial Services
Consultation suggests it could take just six months for banks to develop APIs including their product and service information.
January 15, 2018 -
957Capital RegulationICBC designated as D-SIB by HKMA
The bank will be required to include HLA buffer in their regulatory capital calculation within 12 months of the designation.
January 2, 2018 -
716JapanJapan, Singapore Developing Cross-border DLT Trade Prototype
Mitsubishi UFJ- NTT DATA distributed ledger expected to make cross-border flows more secure through single, unified platform.
December 7, 2017 -
Enforcement
HK Regulators Warn on Conflicts of Interest in Product Sales
HKMA, SFC say some intermediaries aren’t revealing related counterparties, not executing at best price, hide cheaper products.
November 27, 2017 -
Hong Kong
HKMA Chief Urges Hong Kong Companies to Improve Corporate Governance
Hong Kong financial companies need further improvements to guard against risky behaviour.
November 23, 2017 -
Capital Regulation
Hong Kong Sets out Internal Audit Requirements for Authorised Institutions
HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.
November 2, 2017
