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

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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
Tel: +[852] 2289 1247
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Brian KY Yiu
Partner
Tel: +[852] 2289 1934
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Ho Kee Fu
Partner
Tel: +[852] 2289 2721
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Gary Ng
Partner, PwC Hong Kong
Tel: +[852] 2289 2967
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