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Results: 1-10 of 55

Hong Kong's fintech surge: HKMA grants second round of stored value facilities licences
  • Hogan Lovells
  • Hong Kong
  • November 18 2016

On 4 November 2016, the Hong Kong Monetary Authority (the "HKMA") announced a second round of 8 successful stored value facilities ("SVF") licensees


Hong Kong concludes payments regulation consultation
  • Hogan Lovells
  • Hong Kong
  • November 5 2014

On 31st October, the Hong Kong Government published its conclusions to the consultation process launched in May, 2013 by the Financial Services and


Global Payments Newsletter - December 2015 & January 2016 Issue
  • Hogan Lovells
  • France, Global, Hong Kong, Poland, United Kingdom, USA, Estonia, European Union
  • January 12 2016

On 16 November 2015, HM Treasury published a summary of responses received to its consultation on implementing the Payment Accounts Directive


Hogan Lovells global payments newsletter
  • Hogan Lovells
  • United Kingdom, USA, European Union, France, Hong Kong, Kenya, Poland
  • July 26 2013

Europe: Commission publishes payments legislative package The European Commission has published two pieces of draft


HKMA announces Basel III to be implemented in Hong Kong
  • Hogan Lovells
  • Hong Kong
  • March 1 2011

On 26 January 2011, the HKMA issued a circular announcing that the Basel Committee on Banking Supervision ("BCBS") had issued the final element of the new regulatory capital requirements for Basel III (i.e. the Minimum requirements to ensure loss absorbency at the point of non-viability


HKMA revises its Supervisory Policy Manual IC-1 "General Risk Management Controls"
  • Hogan Lovells
  • Hong Kong
  • March 1 2011

On 31 December 2010, the HKMA issued a revised version of the Supervisory Policy Manual IC-1 "General Risk Management Controls" ("the SPM"


Hong Kong publishes bill establishing new regime for stored value facilities and retail payment systems
  • Hogan Lovells
  • Hong Kong
  • February 11 2015

On 23 January, the Hong Kong government published the Clearing and Settlement Systems (Amendment) Bill 2015 (the "Bill"), which will introduce a new


Commissioner of Insurance issues revised guidance note on reserving for mortgage guarantee business
  • Hogan Lovells
  • Hong Kong
  • March 1 2011

At the end of 2010, the Office of the Commissioner of Insurance (the "Insurance Authority") issued a revised Guidance Note (GN6) for insurers on reserving for mortgage guarantee business (the "Guidance Note"


"I kill you later" bank's risk disclosure statement effective in accumulator case
  • Hogan Lovells
  • Hong Kong
  • July 3 2012

The High Court has found in favour of a bank in its first decision on a mis-selling case in relation to structured products, allowing the bank to rely upon the express contractual terms in the account opening forms, in particular, to negate any assumption of the duties not otherwise contained in the contract between the bank and its customers


Current implementation status of Basel III
  • Hogan Lovells
  • European Union, France, Germany, Hong Kong, United Kingdom, USA
  • April 17 2012

The process of implementing the new rules of Basel III for the prudential regulation of banks is progressing quickly on a worldwide basis