Financial services risk and regulation - Regulatory updates newsletter (July 2018)

July 2018

The second half of the year has begun with a bang from a regulatory perspective. We share with you regulatory developments from all major regulators including the Basel Committee on Banking Supervision (BCBS), the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) for the month of July. The key updates include:

  • Survey report on the interaction of regulatory instruments.
  • Revised assessment methodology and the higher loss absorbency requirement.
  • Consultation on amendments to AML/CFT financing guidelines.
  • The Open API Framework for Hong Kong's banking sector.
  • Circular to intermediaries: online client onboarding.

We have summarised the implications of these key updates in this newsletter.

Contact us

Emily Lam

Partner, PwC Hong Kong

Tel: +[852] 2289 1247

Brian KY Yiu

Partner, PwC Hong Kong

Tel: +[852] 2289 1934

Ho Kee Fu

Partner, PwC Hong Kong

Tel: +[852] 2289 2721

Gary Ng

Partner, PwC Hong Kong

Tel: +[852] 2289 2967

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