Hong Kong

Market Risk

HKMA Tells Banks to Prepare for New Risk Framework

By Samuel Riding | 20/01/2016

Letter to authorised institutions says regulator intends to follow Basel Committee timeline.

Capital Adequacy

Hong Kong Confirms CCyB Hike

By Samuel Riding | 15/01/2016

Buffer to be raised to 1.25 percent from 1 January 2017 amid credit, property market concerns.

Capital Adequacy

APRA Expands IRB Permissions

By Samuel Riding | 20/12/2015

Banks outside ‘Big 4’ and Macquarie able to reduce risk weightings on some types of loan.

Market Abuse

JP Morgan Fined for Trading Breaches

By Samuel Riding | 15/12/2015

Hong Kong SFC reprimands investment bank for short-selling, principal trading and dark pool failings.

Anti-Money Laundering

Hong Kong AML Breaches Surge

By Samuel Riding | 08/12/2015

SFC uncovers 81 anti-money laundering breaches in third quarter of 2015.

Structural Regulation

SFC Launches ATS Consultation

By Samuel Riding | 23/11/2015

Hong Kong regulator’s consultation focuses on applying automated trading regulation to OTC derivatives.

Payments & Settlements

Hong Kong Launches Stored Value, Retail Payment Regime

By Samuel Riding | 16/11/2015

Existing issuers and new market operators of store-value facilities have one year to apply for HKMA license.

Anti-Money Laundering

HKMA Reminds Institutions of FATF Warnings

By Samuel Riding | 10/11/2015

Letter to Hong Kong institutions reiterates need for AML/CFT countermeasures, scrutiny on Iran, North Korea and Myanmar.

Trading & Investment

HSBC Shifts Derivatives Trades to Hong Kong as HQ Decision Looms

By Samuel Riding | 29/10/2015

Sources suggest move is to take advantage of favourable funding and regulatory environment as changes in the US and Europe lift costs.