Tag: HKMA

HKMA launches pioneering e-HKD pilot for innovative FinTech solutions

The Hong Kong Monetary Authority (HKMA) has initiated an e-HKD retail Central Bank Digital Currency (CBDC) pilot scheme. The scheme will see 16 firms from...

Hong Kong eyes launch of anti-fraud search engine

The Hong Kong Monetary Authority (HKMA), the Hong Kong Association of Banks and the banking and SVF sectors have backed the introduction of anti-fraud search engine.

HKMA imposes HK$11m penalty on Cathay United Bank

The Hong Kong Monetary Authority (HKMA) has fined Cathay United Bank’s Hong Kong branch HK$11m following an investigation.

HKMA unveils tougher regulations for BNPL sector

The Hong Kong Monetary Authority (HKMA) has issued a circular to banks on buy now pay later (BNPL) products to implement new consumer protection measures.

InvestHK links with HKMA to launch CBDC track to Global Fast...

InvestHK and the Hong Kong Monetary Authority (HKMA) have jointly announced the addition of the central bank digital currency track to the Global Fast Track 2022.

HKMA initiates timeline for mandatory reference checking regime

The Hong Kong Monetary Authority (HKMA) has announced a one-year transition period to allow authorised institutions to prepare for and implement the first phase of the new Mandatory Reference Checking regime.

HKMA proposes bank-like regulations on stablecoins

The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.

HKMA to develop sustainable finance module for banking professionals

The Hong Kong Monetary Authority (HKMA) will develop a green sustainable finance module for banking practitioners following recommendations from Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group.

HKMA reprimands four Asian banks due to AML abuses

The Hong Kong Monetary Authority (HKMA) has disciplined four banks due to anti-money laundering (AML) violations for a total imposed penalty of HKD$44.2m.

HKMA sets out four-step initiative to drive bolstered RegTech adoption

The Hong Kong Monetary Authority (HKMA) has outlined four actions to promote the use of RegTech in the Hong Kong banking sector.

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