Search Results for: Hong Kong Monetary Authority
PBOC Boosts Weekly Injections as Yuan Climbs Amid Stability Bets
September 14th, 2016
Yuan interbank rates in Hong Kong surge before China holidays Monetary authority pumps in $57.7 billion, most since April China’s central bank boosted its cash injections to a five-month high, fueling speculation that it is looking to steady the ...
SFC reprimands and fines BNP Paribas Wealth Management $4 million
August 31st, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Wealth Management (BNPPWM) $4 million for overcharging its clients between 1 January 2011 and 31 December 2013 (Note 1). The SFC’s investigation found that at the material ...
OTC Clear Receives Regulatory Approval to Clear USD/CNH Cross Currency Swaps
July 22nd, 2016
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announces that the Securities and Futures Commission has granted approval of its clearing services for cross currency swaps. OTC Clear expects to launch ...
Regulators release conclusions on introducing mandatory clearing and expanding mandatory reporting for OTC derivatives market
February 9th, 2016
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today published conclusions to the proposals made in a joint consultation on introducing mandatory clearing and expanding mandatory reporting for the second stage of the over-the-counter (OTC) derivatives ...
Nippon Wealth Limited Opts for Wolters Kluwer Financial Services
July 28th, 2015
Hong Kong-based Wealth Management Firm Signs Up to use OneSumX for Anti-Money Laundering and Regulatory Reporting Wolters Kluwer Financial Services has signed Nippon Wealth Limited, a Restricted License Bank (NWB) as a user of OneSumX. The restricted license bank, ...
Greece Risk May Pose Black Swan Dangers for Emerging Markets
June 30th, 2015
Here we go again. A flight to haven assets has begun as Greece’s economy faces a tailspin, sparking concern defaults and bank collapses could spill over to other European nations, and impose a global impact. This time, though, Europe ...
Standard Chartered CEO Is Under Pressure From Shareholders, Regulators, Staff
January 29th, 2015
Bank’s Top Shareholders Privately Push for New Leadership Amid Investor, Regulatory Anxiety Hundreds of Standard Chartered PLC’s most senior executives gathered earlier this month on Singapore’s Sentosa island to address the global bank’s dimming fortunes. From a lectern at ...
HKEx to Discontinue Trading of its Three-Year Exchange Fund Note Futures
December 10th, 2014
Hong Kong Exchanges and Clearing Limited (HKEx) is discontinuing trading in its Three-Year Exchange Fund Note (EFN) Futures because the Hong Kong Monetary Authority will stop issuing Three-Year EFNs from January 2015. HKEx will not introduce any new Three-Year ...
HKMA reaction to US sanctions over StanChart
August 20th, 2014
Following the New York Department of Financial Services allegations against Standard Chartered Bank as announced yesterday, the Hong Kong Monetary Authority has issued a notice informing that it has taken note of the action. The Hong Kong Monetary Authority (HKMA) ...
USD/HKD remains bullish as HKMA Buys $690 Million
July 28th, 2014
Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers ...
