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Market Infrastructure
China, Hong Kong to Establish Wealth Management Connect Scheme
By Editors | 07/11/2019
The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.
Fintech / Regtech
HKMA Emphasises Consumer Protection in Big Data Analytics, AI Use
By Editors | 06/11/2019
New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.
Fintech / Regtech
Hong Kong Enables Govt Bill Payment Via FPS QR Code
By Editors | 04/11/2019
Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.
Fintech / Regtech
HKMA Offers High-level Guidance for Banks on AI Use
By Editors | 02/11/2019
The high-level principles cover governance, application design and development, and ongoing monitoring and maintenance of banks’ AI applications.
Market Infrastructure
Transitioning Away from IBORs: The View from Asia
By Garima Chitkara | 30/10/2019
Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.
Fintech / Regtech
HKMA Stresses Consumer Protection Ahead of Open Banking Phase II
By Editors | 30/10/2019
The HKMA outlines its expectations for the consumer protection practices financial institutions should adopt for Open API Phase II and beyond.
Fintech / Regtech
HKMA Updates Guidance on E-Banking Risk Management
By Editors | 25/10/2019
The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.
Fintech / Regtech
Suptech Gains Momentum but Approaches Vary: FSI Paper
By Editors | 23/10/2019
Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.
Capital / Liquidity
The Supervisory Answer to Hong Kong’s Worsening Economic Performance
By Pierre Latrobe | 22/10/2019
Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.
Market Infrastructure
HKMA, Hong Kong Banks Pledge Leniency for SME Borrowers
By Manesh Samtani | 17/10/2019
Nine major Hong Kong banks have pledged to help SME customers that encounter financial difficulties by adopting accommodative lending policies.
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