News & Analysis as of

Hong Kong Hong Kong Monetary Authority (HKMA) Financial Services Industry

A&O Shearman

HKMA guideline on Digital Bond Grant Scheme

A&O Shearman on

On November 28, 2024, the Hong Kong Monetary Authority (HKMA) published the guideline on Digital Bond Grant Scheme (DBGS). As acknowledged in the 2024 Policy address, the DBGS is part of the Hong Kong Government and HKMA’s...more

Mayer Brown

HKMA Issues Cooling-off Period Requirements for Unsecured Consumer Credit Products

Mayer Brown on

The Hong Kong Monetary Authority (HKMA) has further enhanced consumer protection by issuing a circular prescribing a 7-day cooling-off period for customers to reconsider credit products....more

Mayer Brown

HKMA Enhanced Consumer Protection in the Use of GenAI by Authorized Institutions in Hong Kong

Mayer Brown on

The Hong Kong Monetary Authority (HKMA) has imposed additional principles on the use of big data analytics and artificial intelligence (BDAI) and specifically, generative artificial intelligence (GenAI) by authorized...more

Latham & Watkins LLP

Hong Kong Monetary Authority Issues Guidance for Banks on Crypto Custody and Sale of Tokenised Products

Latham & Watkins LLP on

Regulator sets out its expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products. On 20 February 2024, the Hong Kong Monetary Authority (HKMA) published two...more

Latham & Watkins LLP

Hong Kong Consults on Proposed Regulations to Prudential Treatment of Cryptoasset Exposures

Latham & Watkins LLP on

Implementation of Basel Committee cryptoassets standard to provide additional clarity for banks looking to engage in cryptoassets business. On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a...more

Mayer Brown

HKMA Rolls Out Standards for the Sale of Sustainable Investment Products

Mayer Brown on

The Hong Kong Monetary Authority (HKMA) recently announced in a circular its expected standards for the sale and distribution of green and sustainable investment products by registered institutions (RIs). This is to ensure...more

Cadwalader, Wickersham & Taft LLP

Hong Kong’s Central Banking Institution Directs Banks to Ramp Up Net Zero Transition Planning

The Hong Kong Monetary Authority (HKMA), Hong Kong’s de facto central banking institution, issued a directive for banks setting out high-level principles on planning for a transition to a net-zero economy. In a “Dear CEO”...more

Hogan Lovells

Cyber risk management – the HKMA’s Regtech Adoption Practice Guide

Hogan Lovells on

On 26 January 2022, the Hong Kong Monetary Authority (HKMA) published its fifth edition of the Regtech Adoption Practice Guide (the Guide) focusing on cyber risk management regulatory technology (Regtech) solutions. The Guide...more

Hogan Lovells

Hong Kong Corporate & Regulatory Insights — July 2021

Hogan Lovells on

Hogan Lovells' Hong Kong Corporate & Regulatory Insights July 2021 edition is published today to keep you abreast of the recent legal and regulatory developments in the Hong Kong corporate market. The topics covered in the...more

Hogan Lovells

Hong Kong Corporate & Regulatory Insights – April 2021

Hogan Lovells on

Equity Capital Markets - The Stock Exchange of Hong Kong Limited (SEHK) publishes consultation paper on review of corporate governance code and related Listing Rules - SEHK published a consultation paper outlining...more

Hogan Lovells

Global Accountants’ Liability Update – September 2020

Hogan Lovells on

On 21 August 2020, the court of Chancery of the State of Delaware granted a motion brought by three Defendant KPMG firms to dismiss a cause of action seeking to hold KPMG LLP (KPMG US) liable as the agent of KPMG Cardenas...more

Morgan Lewis

Responding to the 2019 Novel Coronavirus: Guidance for Hong Kong Financial Institutions

Morgan Lewis on

With the situation surrounding the 2019 Novel Coronavirus rapidly changing, key practical considerations for financial institutions regulated by the Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority...more

Latham & Watkins LLP

Hong Kong Regulators Consult on Enhancements to OTC Derivatives Regime

Latham & Watkins LLP on

The HKMA and SFC are jointly consulting on further enhancements to OTC derivatives reporting and clearing obligations. Key Points: ..The HKMA and the SFC have proposed mandating the use of UTIs for the reporting...more

Hogan Lovells

HKMA reboots virtual banking

Hogan Lovells on

On 6 February, 2018, the Hong Kong Monetary Authority (the “HKMA”) published draft revisions to its “Guideline on Authorization of Virtual Banks” (the “Draft Guideline”). ...more

Hogan Lovells

The Dawn of a New Era: The HKMA launches its Open API consultation

Hogan Lovells on

On 11 January, 2018, the Hong Kong Monetary Authority (the "HKMA") published its "Consultation Paper on Open API Framework for the Hong Kong Banking Sector" (the "Consultation Paper"). The Consultation Paper summarizes the...more

15 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide