Hong Kong Monetary Authority

Market Infrastructure

MAS, ABS Conclude 6th Crisis Response Testing Exercise

By Editors | 23/11/2019

‘Exercise Raffles’ brought together the public and private sectors – including the FS-ISAC, HKMA, CSA, SGX, SWIFT and FIS Global – to test cyber and operational disruption response capabilities.

AML / KYC

We Need to Accelerate Regtech Transition in AML Work: HKMA

By Manesh Samtani | 23/11/2019

We need to enable a wider application of technology to AML work in the sector, deputy chief Arthur Yuen said at the HKMA’s its first AML/CFT RegTech Forum on Friday.

Market Infrastructure

Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG

By Manesh Samtani | 21/11/2019

Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.

Market Infrastructure

Exploring APAC’s Emerging Data-Intensive Regulatory Environment

By Swati Kothari | 15/11/2019

APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.

Press Release

Regulation Asia Awards: DTCC Wins Market Infrastructure of the Year

By Editors | 14/11/2019

The DTCC has been awarded Market Infrastructure of the Year in the 2nd Regulation Asia Awards for Excellence 2019.

Enforcement

SFC Bans Former HSBC Relationship Manager for One Year

By Editors | 07/11/2019

The former relationship manager used incomplete application forms pre-signed by the client to effect unit trust transactions without specific authorisation.

Big Picture

Fintech Week: HKMA Announces New Fintech Initiatives

By Manesh Samtani | 07/11/2019

As part of an ecosystem approach to fintech development, HKMA chief Eddie Yue wants to work with FIs, end users and technology firms to drive innovation in financial services.

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.