References in periodicals archive ?
The Report recognises the risk-based supervision1 by the HKMA, which is in line with international standards and practices, and makes a strong contribution to the overall effectiveness of Hong Kong's AML/CFT regime.
HKMA has also updated its broader funding framework to assist banks in the event of a liquidity crisis.
His achievements in promoting the HKMA's reserve management and financial market development in recent years are well recognised.
The new agreement will allow the HKMA and the Financial Services Regulatory Authority (FSRA) of ADGM to collaborate and refer innovative businesses and activities to each other's market, facilitate greater sharing of relevant information, providing support in the authorisation processes where appropriate, and explore projects that are mutually beneficial to both jurisdictions.
The agreement was signed in Hong Kong between Mr Nelson Chow, Chief Fintech Officer of the HKMA and Mr Richard Teng, Chief Executive Officer of the FSRA of ADGM.
Further details from HKMA on resolution strategies will be critical to understanding the requirements that apply to each entity.
Shu-Pui Li, executive director of the HKMA, expressed his delight with the deal.
According to a press release on the HKMA website, between April 2012 and November 2013, SBI Hong Kong failed to perform a series of key anti moneylaundering checks, including doing due diligence on 28 corporate customers, monitoring existing business relationships, and verifying whether its customers were politically exposed persons.
In a statement released Thursday, the HKMA said it noted that the U.S.
The HKMA already announced in December that it was probing UBS AG (NYSE:UBS) for possible misconduct with the benchmark rate.
HKMA says it will help to maintain the stability of financial system, increase transparency and promote standardisation.
Acronyms browser ?
Full browser ?