Tag: HKMA
UBS/Credit Suisse deal: HK and SG regulators react
It takes more than a typhoon to keep bankers away from Hong Kong’s re-opening
Hong Kong regulators prep schemes to boost data transparency
Crypto unlikely to go mainstream with PBs despite interest from wealthy clients
February Regulatory Round-up: HKMA urges banks to implement vaccine passports
January Regulatory Round-up: Concerns over hype surrounding crypto-assets
Larger individual investment quota needed to spark PB interest in WMC: APB survey
Top five trends to watch in Hong Kong private WM regulations in 2022
December Regulatory Round-up: HKMA raises banks’ awareness of climate risks; HK, S’pore regulators join forces in curbing ramp-and-dump schemes; Singapore and China widen financial cooperation
November Regulatory Round-up: Strict HK regs limit crypto and SPAC activities for FOs; Tighter AML rules affect PB client onboarding; FI executives’ take on China’s “common prosperity” drive
Tightening AML rules take a toll on client onboarding at private banks
HKMA recognises use of proper conduct KPIs in setting bonuses paid in front offices
October Regulatory Round-up: Ambiguity remains after GBA WM Connect launch; PWM firms spend most reg resources on suitability compliance; Hong Kong eyes tax concessions to boost FO appeal
Banks roll out services for “game changer” WM Connect scheme after HKMA nod
GBA Wealth Management Connect raises questions over cross-border marketing
September regulatory round-up: WM Connect and Southbound Bond Connect launched; International FIs expand in China; HK and S’pore regulators issue SPAC listing rules
Hong Kong-based virtual bank Mox appoints successor to founding CEO
HKMA designates 13 market makers for Southbound bond trading scheme
Southbound Bond Connect marks new milestone for cross-boundary trading
GBA Wealth Management Connect scheme to launch in “execution-only” model
August Regulatory Round-up: SFC fines UBS over multiple reg breaches; HK and SG regulators promote use of AML regtech; China strikes balance between inclusive growth and foreign investment
HKMA financial crime lab and thematic review must train banks’ attention on AML regtech developments
Hong Kong SFC fines UBS HK$11.55 million over regulatory breaches
HKMA highlights key actions for Regtech adoption by 2025
HKMA asks banks to provide fintech plans
HKMA rolls out Fintech 2025 strategy to drive all-round tech adoption by banks
May Regulatory Round-up: Next steps in HK, SG mandatory reference check schemes; Minimum global corporate tax could benefit “jurisdictions with substance” such as SG and HK; Banks welcome further clarity on Wealth Connect
Hong Kong and Singapore finetune schemes to stop rolling bad apples, yet ambiguities remain
MAS consults on scope of mandatory reference checks to deter “rolling bad apples”
HKMA announces next phase of Open API framework
April Regulatory Round-up: MAS fines J. Safra Sarasin for AML breaches; HKMA praises banks on AML info sharing; Absence of wealth tax in SG is key draw for U/HNWIs
HKMA commends banks for enhanced collaboration in AML info sharing
HKMA praises banks for “satisfying results” in times of social unrest and pandemic
HKMA launches regtech challenge to address pain points in privacy and risks
Jan/Feb Regulatory Round-up: GBA Wealth Management Connect; warning against ramp-and-dump scams; 2021 priorities
Regulators sign MoU for Greater Bay Area Wealth Connect
HKMA to remain focused on AML regtech adoption in 2021
Emerging from COVID-19 in flying colours? – A recap of China themes in 2020
HKMA rolls out framework to raise competence in operational risk management at banks
Banks “have no choice” when receiving account freezing orders from law enforcers
MAS grants four digital banking licences to challenger banks
Lack of electronic solutions hinders HK and SG capital market activities: ASIFMA report
SFC bans former BoS and StanChart RM for 21 months
With physical oversight harder in the new normal, a sound bank culture is key: HKMA
October Regulatory Round-up: US sanctions’ vague definition leaves FIs with less space to comply; HK confident of acting as a conduit to China’s wealth; FSB: Multilingual environment is challenging for tech tools
One in four Hong Kong PBs, WMs uses at least one regtech solution: HKMA
