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 Hong Kong’s New Crypto Regulatory Framework to Facilitate Greater...
systems interoperability and business continuity related risks. The HKMA circular provides guidance to AIs on how they should identify, disclose and manage tokenisation-related risks associated with tokenised products, focussing in particular on their due diligence, disclosure and risk management obligatio...
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factors discussed in the Company’s filings with the SEC including the "Risk Factors" section of the Company’s most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the ...
NPL secondary market may solve the increase in credit risk The identification and management of non-performing loans or NPLs as early as possible by banks are among supervisors’ current high-level priorities. Indeed, when prudential, monetary, and fiscal crisis mitigation mechanisms are tapered, the...
must have at least one physical office to handle customer complaints; must provide an exit plan at the time of their application for authorization to ensure that they would be able to unwind the business in an orderly manner, if required; ...
We note from cases that have been drawn to our attention that recently some AIs may have applied stringent CDD measures that are disproportionate to the likely risk level of the customers, resulting in many unsuccessful account opening applications and/or unpleasant customer experiences. Some requireme...
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