All posts tagged "HKMA"
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466FeatureHKMA Issues Practice Guide on Cloud-based Regtech Solutions
Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.
June 21, 2021 -
785Fintech / RegtechHKMA Outlines Three Year Roadmap for Suptech Adoption
The HKMA will explore the potential conversion of regulations into machine-executable codes and the introduction of a system that automatically creates regulatory reports.
June 21, 2021 -
429Hong KongHong Kong Needs New Cybersecurity Legislation: FSDC
The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
June 16, 2021 -
363Capital Regulation
HKMA Defers Implementation of Basel III Capital Standards
Banks have an additional six months to implement the revised frameworks on credit risk, operational risk, output floor and leverage ratio. The market risk and CVA risk frameworks are also deferred.
June 11, 2021 -
880Asia-PacificRegulatory Harmonisation Critical to OTC Derivatives Reporting
The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC's Priya Kundamal.
June 11, 2021 -
227Big PictureIMF Reaffirms Hong Kong Stability, Identifies Pockets of Risk
The IMF recommends enhancing monitoring of lending to Mainland China, increasing oversight over banking groups, and regulating mortgage lending by non-banks.
June 10, 2021 -
477Fintech / Regtech
HKMA Announces New Fintech Development Strategy
The “Fintech 2025” strategy seeks the comprehensive adoption of technology in the financial sector by 2025 through a focus on five key areas.
June 9, 2021 -
349Capital Regulation
HKMA Issues Guidance on Counterparty Credit Risk Framework
The guidance is aimed at facilitating consistent interpretation and application of the capital requirements under the BCR as amended in April.
June 4, 2021 -
491FeatureSFC, HKMA Instruct Regulated Firms to Promote Vaccinations
The SFC says vaccinations are a critical part of operational risk management. The HKMA is requiring banks to submit a list of unvaccinated staff.
June 3, 2021 -
184Capital Regulation
HKMA Considers Regulating Mortgage Lending by Nonbanks
Non-bank institutions such as finance companies and property developers have managed to circumvent the HKMA’s mortgage lending limits.
June 2, 2021
