Only Hong Kong incorporated entities licensed by the HKMA would be allowed to actively market stablecoins to the local public.
January 13, 2022The HKMA cited uncertainties caused by the spread of Covid-19 and global supply chain disruptions that are continuing to pressure corporates.
January 12, 2022The HKMA has also finalised its guidance on climate risk management, giving banks until end-2022 to implement the new measures.
January 3, 2022A mystery shopping programme is being launched by the HKMA, MPFA and IA to assess the extent to which statutory and regulatory objectives are being met by intermediaries.
January 3, 2022The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.
December 31, 2021The HKMA may issue directions to banks or their holding companies if it believes non-compliance with the Stay Rules (including by a related company) may impede orderly resolution.
December 31, 2021The Bank of East Asia was no longer identified as a D-SIB in the assessment considering its systemic importance relative to other institutions, the HKMA said.
December 28, 2021The move from monthly reporting back to quarterly reporting means the next reporting position after December 2021 will be March 2022.
December 24, 2021The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.
December 24, 2021Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
December 23, 2021