All posts tagged "HKMA"
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1.2KCrypto / Digital AssetsHKMA 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 -
1.5KCapital / LiquidityHKMA Unveils Results of Climate Risk Stress Tests
The HKMA has also finalised its guidance on climate risk management, giving banks until end-2022 to implement the new measures.
January 3, 2022 -
536Hong Kong
HK Regulators to Assess Sales Practices of Tax-deductible Products
A 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, 2022 -
519FeatureHKMA Endorses Proposal to Better Protect Mortgage Borrowers
The 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, 2021 -
641Hong Kong
HKMA Issues Guidance on Compliance with ‘Stay Rules’
The 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, 2021 -
1.1KCapital / LiquidityHKMA Removes Bank of East Asia from D-SIBs List
The 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, 2021 -
561Hong Kong
HKMA Moves to Reduce LIBOR-related Reporting Frequency
The move from monthly reporting back to quarterly reporting means the next reporting position after December 2021 will be March 2022.
December 24, 2021 -
733AML / KYCHKMA Asks Banks for ‘Active Participation’ in CDI Initiative
The 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, 2021 -
822Hong Kong
HKMA Proposes New Guidance on Operational Resilience
Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
December 23, 2021
