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ESG / Sustainability
HKMA Offers Guidance for Banks on Climate Risk Practices
By Manesh Samtani | 08/07/2020
The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.
Securities / Derivatives
PBOC Announces Planned Enhancements to Bond Connect
By Editors | 06/07/2020
The enhancements will include measures to reduce fees, extend trading hours, expand Bond Connect trading platforms; and enhance primary market service offerings.
Fintech / Regtech
Hong Kong Offers Wage Subsidy to Local Fintechs
By Editors | 02/07/2020
Fintech companies registered in Hong Kong can apply for a salary subsidy to fill a new full-time position for a maximum of 12 months.
ESG / Sustainability
HKMA Sets Out Principles for Supervisory Approach on Climate
By Manesh Samtani | 01/07/2020
The HKMA expects the results of the industry greenness self-assessments in August 2020, which will inform its supervisory expectations ahead of a consultation next year.
Market Infrastructure
The New Normal: Conduct Risk & Personal Accountability
By Stephen Scott | 01/07/2020
Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.
Market Infrastructure
China Sets Stage for GBA Wealth Management Connect Scheme
By Editors | 29/06/2020
Under a pilot scheme, Greater Bay Area residents will be able to invest in wealth management products distributed by GBA banks across boundaries.
Fintech / Regtech
Ping An OneConnect Bank to Pilot Virtual Banking Services
By Editors | 26/06/2020
Ping An OneConnect Bank is inviting 200 SMEs and 2,000 retail customers to pilot test its virtual banking services in the HKMA’s sandbox.
Securities / Derivatives
HKMA, SFC Publish Final List of FSPs Under Clearing Obligation
By Editors | 25/06/2020
The HKMA and SFC will remove one entity that no longer conducts OTC derivatives business as its institutional services are now being provided by BofA Securities Inc, a new FSP.
AML / KYC
APAC Banks Will Come Out Stronger Post Pandemic
By Greg Watson | 23/06/2020
Covid-19 has kickstarted a rush to digitisation. Changes not expected for another 5-10 years will now be seen over the next 18 months, says Fenergo’s Greg Watson.
Fintech / Regtech
BOT Unveils New Project to Use CBDC for B2B Payments
By Editors | 19/06/2020
A CBDC prototype developed by Digital Ventures will be integrated with systems at industrial conglomerate Siam Cement PCL and its suppliers.
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