Hong Kong Monetary Authority

Fintech / Regtech

BOT Outlines Plans to Develop Policy on Stablecoins

By Sanday Chongo Kabange | 24/03/2021

Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.

Hong Kong: Enhanced 100% Loan Guarantee Set to Take Effect

By Editors | 22/03/2021

The maximum loan amount per enterprise, total loan ceiling, maximum repayment period, and duration of moratorium will be extended.

HKMC Signs Infrastructure Financing MoUs with Five Banks

By Manesh Samtani | 22/03/2021

The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.

Fintech / Regtech

HKMA Outlines Regtech Use Cases for Treasury Operations

By Editors | 21/03/2021

The use cases presented include solutions to detect rogue trading activities, standardise derivatives trading lifecycle events, and enhance liquidity risk monitoring.

AML / KYC

Stress Testing Your Sanctions Screening Effectiveness

By Manesh Samtani | 18/03/2021

Independent testing can serve as a functional, scientific and transparent approach to bolster the effectiveness and efficiency of sanctions screening systems.

Market Infrastructure

HKMA Urges Continued Progress on LIBOR Transition Efforts

By Manesh Samtani | 18/03/2021

The HKMA’s Edmond Lau highlighted three essential elements for LIBOR transition: operational and system capabilities, effective coordination; commitment from top management.

Market Infrastructure

HKMA to Commence Review of Front Office Incentive Systems

By Manesh Samtani | 17/03/2021

The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.

Securities / Derivatives

Hong Kong to Further Develop Structured Credit Markets

By Manesh Samtani | 17/03/2021

Structured credit products can help to raise green capital from international investors to support China’s transition to its 2060 carbon neutrality target.

AML / KYC

HK, China Working to Simplify Cross-border Account Opening

By Editors | 15/03/2021

Regulators are reportedly working to simplify cross-border bank account opening processes to facilitate the launch of Wealth Management Connect.