Hong Kong Monetary Authority

Fintech / Regtech

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

AML / KYC

ICAC Concludes First Training Day for Banks on Corruption Risk

By Sanday Chongo Kabange | 05/04/2023

Acting ICAC Commissioner Ricky Yau said the training programme is aimed at enhancing banking sector standards on preventing corruption risk.

AML / KYC

HKMA, SFC to Host Discussions Between Crypto Firms & Banks

By Editors | 30/03/2023

A roundtable will take place on 28 April at the HKMA to facilitate dialogue and experience sharing regarding opening and maintaining bank accounts.

AML / KYC

Hong Kong ICAC Issues Corruption Prevention Guide for Banks

By Sanday Chongo Kabange | 27/03/2023

The HKMA said banks operating in Hong Kong must use and make reference to the new corruption prevention guide.

Capital / Liquidity

Industry Welcomes Regulator Commitments to Prioritise Bondholders

By Manesh Samtani | 24/03/2023

Regulators respond to Swiss decision to wipe out Credit Suisse bondholders by pledging to respect the bank rescue hierarchy in a crisis.

Fintech / Regtech

Hong Kong’s Fusion Bank Launches Business Banking Services

By Sanday Chongo Kabange | 23/03/2023

Fusion Bank promises SMEs a “hassle-free” account opening experience and a six month exemption on fees for new accounts.

Crypto / Digital Assets

Crypto Firms Looking to Set Up in Hong Kong: Christopher Hui

By Editors | 22/03/2023

Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.

ESG / Sustainability

HKMA Chief Outlines Plans to Continue Developing Green Bond Market

By Sanday Chongo Kabange | 21/03/2023

At ASIFMA’s event on Friday, Eddie Yue said some future green bonds will be set aside for MPF funds, and that Hong Kong’s green bond programme will expand to cover sustainable bonds.

Capital / Liquidity

HKMA Proposes BELR, BCR Changes to Implement Basel III

By Editors | 20/03/2023

Proposed changes to the banking exposure limits rules and the banking capital rules are open for comment until 21 April.