ADVERTISEMENT
HKMA Extends Initiative to Nurture Talent for Banking Industry
By Editors | 08/02/2021
The HKMA will continue to reimburse participating institutions up to 50% of the monthly salary of programme participants and subsidise professional training course fees.
AML / KYC
Greater Bay Regulators Sign MoU on Wealth Management Connect
By Manesh Samtani | 07/02/2021
The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.
Capital / Liquidity
HK Bank Profitability Suffers, Loan Quality Deteriorates
By Editors | 04/02/2021
HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.
Fintech / Regtech
What Hong Kong Can Learn From Open Banking in the UK
By Eran Vitkon | 02/02/2021
The UK model provides lessons to help ensure Hong Kong’s open banking ecosystem is able to realise its full potential, say Finastra’s Eran Vitkon and Shweta Jain.
Market Infrastructure
HKMA Drafts Guidance on Operational Continuity in Resolution
By Editors | 01/02/2021
Operational continuity in resolution is a key aspect of resolution planning for individual banks, the HKMA says.
Capital / Liquidity
HKMA Extends Relief for Trade Loan Customers Another 90 Days
By Editors | 01/02/2021
Trade loans granted 90-day extensions last year will start to fall due in February, but some trade customers are still facing cash flow pressure, the HKMA said.
Securities / Derivatives
Hong Kong Government Prices First Ever 30 Year Green Bond
By Editors | 28/01/2021
Hong Kong has priced the first ever 30-year green bond by an Asian government and the longest tenor bond in its history.
Enforcement
HKMA Suspends Banker Over Photocopied Client Signature
By Editors | 28/01/2021
The banker photocopied a client’s signature onto an instruction form and used it to apply for the issuance of a bank reference letter.
HK Regulators Ask Bankers to Explain Reasons for Departing City
By Editors | 27/01/2021
Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.
AML / KYC
Fighting TBML to Sustain a Post-pandemic Recovery in APAC
By Claus Christensen | 27/01/2021
As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.