Hong Kong Monetary Authority

    Market Infrastructure

    HKMA Directs Banks to Prepare for OpRisk Rule Updates

    By Manesh Samtani | 22/04/2021

    The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.

    Capital / Liquidity

    HKMA Issues Guidance on Govt Guaranteed Personal Loans

    By Manesh Samtani | 20/04/2021

    Lenders should not take any actions which tighten credit to borrowers on knowledge of their application for PLGS loans.

    National Security, Financial Stability are Mutually Dependent: HKMA

    By Editors | 18/04/2021

    Chief executive Eddie Yue said the HKMA is pursuing initiatives to enhance its use of technology to analyse financial data as part of its efforts in market supervision.

    Securities / Derivatives

    HKMA, SFC Consult on Annual Update to FSP List

    By Editors | 15/04/2021

    A unit of Toronto-Dominion Bank is proposed to be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

    Fintech / Regtech

    PBOC Starts Testing Digital Yuan in Hong Kong

    By Sanday Chongo Kabange | 10/04/2021

    Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.

    Hong Kong: Group-Wide Supervision for Insurance Takes Effect

    By Ranamita Chakraborty | 02/04/2021

    The IA is looking to formally designate AIA Group, FWD Group and the Prudential Group as being subject to the new framework by mid-2021.

    Market Infrastructure

    HKMA, BOJ Launch Cross-border DvP Link for JGBs

    By Editors | 02/04/2021

    The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.

    Capital / Liquidity

    HKMA Issues Guidance on Reporting ARR Positions in IRRBB Returns

    By Manesh Samtani | 30/03/2021

    The guidelines say alternative volatility estimates may be used value new ARR options in cases where there is not enough implied interest rate volatility data.

    Fintech / Regtech

    HKMA Launches Regtech Challenge to Address Banking Pain Points

    By Editors | 26/03/2021

    The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.

    Market Infrastructure

    HKMA Releases Banks from 30 June LIBOR Transition Milestone

    By Manesh Samtani | 26/03/2021

    International banks say prematurely restricting the issuance of LIBOR-linked contracts may result in fragmented markets.

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