All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.
June 3, 2023Banks are expected to proactively make use of alternate dispute resolution channels when complaints cannot be resolved through their internal mechanisms.
January 9, 2023The HKMA proposes to maintain a Positive Neutral CCyB of 1 percent even when its primary indicators maybe signal a lower applicable CCyB.
November 15, 2022HKMA is consulting on proposed BCR changes and two new SPMs for implementation of the revised market risk and CVA risk frameworks.
October 12, 2022The new platform, expected to be launched by year-end, will serve as an interface for lenders and CRAs to share consumer credit information.
July 11, 2022The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
June 1, 2022Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
December 23, 2021The HKMA says continued enforcement of the requirement to observe market norms in the setting of maximum LTV ratios is no longer appropriate.
October 25, 2021The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.
April 23, 2021Codes of Conduct should include provisions to address conflicts of interest, promote a culture of accountability and encourage staff to report unethical practices.
February 15, 2021