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Market Infrastructure
HKMA Ups the Competency Bar for Credit Risk Management
By Editors | 31/03/2019
The HKMA – in collaboration with the HKIB and banking sector – has published a new framework aimed at enhancing professional competencies in the credit risk management function.
Fintech / Regtech
S. Korea FSC Receives Three Applications for Internet-Only Banks
By Editors | 29/03/2019
The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.
Fintech / Regtech
HKMA Approves Three Virtual Banks, Five More Being Considered
By Editors | 27/03/2019
The three newly licenced virtual banks are joint ventures involving BOCHK, JD Digits, Jardines, Standard Chartered, HKT, PCCW, Ctrip, ZhongAn Online and Sinolink.
Market Infrastructure
BOCHK Launches Pilot Service for Mainland Account Opening
By Editors | 20/03/2019
BOCHK has been granted regulatory approval to launch a pilot scheme that enables Hong Kong citizens to open a personal bank account in the mainland, remotely.
Big Picture
MAS’ Ravi Menon on Blockchain Misconceptions – Speech
By Manesh Samtani | 11/03/2019
In a recent speech, MAS managing director Ravi Menon shared his views on blockchain, common misconceptions and use-cases where the technology shows the most promise.
Market Infrastructure
HKMA Asks Hong Kong Banks to Prepare for Benchmark Reform
By Editors | 06/03/2019
The HKMA says the transition to alternative reference rates will have significant implications for authorised institutions’ businesses, risk management and operational processes.
Market Infrastructure
Are We Ready for the Next Financial Crisis?
By Adrien Vanderlinden | 05/03/2019
DTCC’s Adrien Vanderlinden explores the biggest threats to financial stability 10 years after the financial crisis, and how Asia is responding to potential cyber-threats.
HKMA Chief of Ten Years Set to Retire in September
By Editors | 22/02/2019
Norman Chan will leave behind a healthy banking industry with strong capital ratios and low bad debt levels. A selection panel will identify the HKMA’s next chief.
Market Infrastructure
HKMA Turns Up the Heat, Announces Consultation on IBOR Transition
By Will Hallatt | 22/02/2019
The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.
Market Infrastructure
HKMA, PBOC Collaborate on Cross Border Financial Services – Report
By Editors | 20/02/2019
As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.
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