James Tong

Deacons

Articles

Results 1 to 5 of 12


Money lenders note - Government proposes to lower usury rate caps by the end of 2022

Hong Kong - June 30 2022 It is an offence under the Money Lenders Ordinance (Cap. 163; "MLO") to lend or offer to lend money at an effective rate of interest which exceeds…

Simon Deane

Launch of cross-border fintech pilot trial facility

Hong Kong - March 23 2022 The Hong Kong Monetary Authority (HKMA) announced in February 2022 the launch of the Greater Bay Area (GBA) fintech pilot trial facility and that it…

Simon Deane

Synthetic LIBOR available for certain currencies to facilitate wind-down of LIBOR

United Kingdom - October 29 2021 The UK’s Financial Conduct Authority (“FCA”) announced on 5 March 2021 that Sterling, Japanese yen, Swiss franc and euro LIBOR panels will cease on…

Simon Deane

Launch of Green and Sustainable Finance Grant Scheme on 10 May 2021

Hong Kong - June 1 2021 The Hong Kong Monetary Authority (HKMA) recently released information about the three-year Green and Sustainable Finance Grant Scheme (GSF Grant…

Simon Deane

Interoperating Central Bank Digital Currencies - an alternative to cryptocurrencies as the future of cross-border payments?

Hong Kong - May 26 2021 The Bank for International Settlements (BIS) recently discussed possible approaches to establishing an interoperating central bank digital currencies…

Simon Deane