The second phase of the ongoing CBDC trails between the Mainland and Hong Kong will involve connecting e-CNY wallets to Hong Kong’s FPS.
December 22, 2021Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.
December 22, 2021Banks are expected to review their practices to ensure observance of the FX Global Code and renew the Statement of Commitment by 15 July 2022.
December 21, 2021SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.
December 21, 2021The new platform will serve as an interface for credit providers and CRAs to share credit data, as Hong Kong prepares to introduce additional CRAs in the city.
December 20, 2021HKMA to develop new ECF module on Green and Sustainable Finance. Steering Group to explore local taxonomy and voluntary carbon market.
December 18, 2021The existing list of calculation periods will be exhausted in about one year’s time. The HKMA and SFC propose to add eight similar calculation periods to the clearing rules.
December 17, 2021Banks have to report all outside mandates held by each director and chief executive, and address any conflicts of interest and time commitment issues.
December 16, 2021Key areas of collaboration to enhance Hong Kong's roles as an international financial centre include CBDC, regtech, green finance development.
December 13, 2021Wolters Kluwer enables FIs to address increasingly complex regulatory data and reporting requirements, leveraging an upgraded regulatory engine.
December 10, 2021