Hong Kong Monetary Authority

Market Infrastructure

HKMA Issues Guidance on Protecting Against DDoS Attacks

By Editors | 28/11/2022

The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.

Crypto / Digital Assets

HKMA Report Assesses Spillover Risk from Asset-Backed Stablecoins

By Mark Johnston | 28/11/2022

The report finds that failures of stablecoins or other crypto assets pose material impacts on the traditional financial system such as the money market.

Capital / Liquidity

HKMA Confirms Decision to Defer Implementation of Basel III Reforms

By Editors | 28/11/2022

Hong Kong’s implementation of the Basel III final reform package is being deferred to allow the industry more time to prepare.

ESG / Sustainability

HKMA Report Calls Out Greenwashing by Green Bond Issuers

By Mark Johnston | 28/11/2022

The report shows that so-called greenwashing firms are to some extent being penalised by the market with higher re-issuance costs.

AML / KYC

HKMA, Cyberport Host Third AML Regtech Lab

By Sanday Chongo Kabange | 25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

Fintech / Regtech

ZA Bank, Wise Partner to Offer International Remittances

By Manesh Samtani | 24/11/2022

ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”

Fintech / Regtech

HKMA Revises Guidance on Accessing CCRA Database via CDI

By Editors | 17/11/2022

Banks can access commercial credit reference agencies via the CDI to automate credit approval processes, reduce manual handling, and enhance operational efficiency.

Capital / Liquidity

HKMA Proposes Changes to Approach for Setting CCyB

By Editors | 14/11/2022

The HKMA proposes to maintain a Positive Neutral CCyB of 1 percent even when its primary indicators maybe signal a lower applicable CCyB.

HK Banks Offer ‘PAPT’ Option for Mortgage Refinance Transactions

By Editors | 08/11/2022

The PAPT is being introduced to address risks that could arise for residential mortgage customers if a law firm handling a transaction is suspended.