Events listed in not applicable
Hong Kong signs MoU with Saudi Arabia on investment promotion (with photos/video)
ID 26130
The Hong Kong government has issued a press statement to announce the signing of a memorandum of understanding (MoU) between Invest Hong Kong (InvestHK) and the Ministry of Investment of Saudi Arabia. The aim of the MoU is to foster collaboration between the two government agencies to promote mutual investments in an effort to „bolster bilateral investment flows“ and confidence of investors in both ...
HKSAR Government’s response to Moody’s announcement of change to Hong ...
ID 26097
On December 6, 2023, the rating agency Moody’s announced that it will change Hong Kong’s credit outlook from „stable“ to „negative“ while maintaining Hong Kong’s long-term issuer rating at „Aa3“, recognizing the city’s robust credit strengths, fiscal buffers, and significant reserves. In response to this announcement, the spokesman of the Hong Kong government publicly stated his disappointment about the negative outlook. I ...
Regulatory Initiatives Grid – November 2023
ID 26006
The Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA), the HM Treasury, the Pension Regulator (TPR), and other regulatory agencies have published an updated version of their regulatory initiatives grid which is typically published twice a year to keep market participants up-to-date on significant regulatory initiatives. Specifically, the grid shows important regulatory initiatives both in the short and medium term of ALL regulatory ...
Stability in the Financial System (2023:2): Adjustments to higher interest rates ...
ID 25977
The Swedish financial supervisory authority, Finansinspektionen (FI), has published its latest financial stability assessment, which is published twice a year and outlines key vulnerabilities in the financial sector. In 2023, global inflation decreased and is expected to drop further in 2024. However, uncertainty persists regarding central banks‘ actions and interest rate trends, as outlooks remain uncertain and unstable. Furthermore, high interest rates have already .. ...
Payment system alert launched
ID 25933
The Hong Kong government has published a press statement to inform of the launch of the „Faster Payment System (FPS) Suspicious Proxy ID Alert“ to enhance fraud prevention in financial transactions. This Alert is the outcome of a joint collaboration between the Hong Kong Police Force (HKPF) and various financial institutions operating in Hong Kong. The key objective of the Alert is to warn ...
HKEX Adds Indonesia Stock Exchange as Recognised Stock Exchange
ID 25929
The Stock Exchange of Hong Kong Limited (HKEX) has issued a statement to inform of the addition of the Indonesia Stock Exchange (IDX) as a Recognized Stock Exchange (RSE) by HKEX which opens up significant opportunities for companies listed on IDX’s main market. Specifically, the designation allows them to pursue a secondary listing in Hong Kong, broadening their access to global investors and enhancing ...
Call for Input: Potential competition impacts from the data asymmetry between Big ...
ID 25926
Following an initial consultation on the „potential competition impacts of Big Tech entry and expansion in retail financial services“ in 2022 (EventID 17993) and the issuance of a corresponding response paper (EventID 22183), the Financial Conduct Authority (FCA) is now launching a Call for Evidence on „potential competition impacts from the data asymmetry between Big Tech firms and firms in financial services“. This *Call ...
Q&A document related to the Code of good practice for investors
ID 25922
The CNMV has issued a Q&A document in relation to the Code of good practice for investors, a voluntary framework for institutional investors, asset managers, and proxy advisors. The Q&A document addresses consultations from the industry and provides insights into the interpretation of the Code’s principles. The Code is voluntary, aiming to enhance corporate governance and investment practices, the Q&A document consists of 15 ...
Bank of England and Financial Conduct Authority – Memorandum of Understanding ...
ID 25913
The Bank of England’s Prudential Regulation Authority (PRA) has issued a press statement to inform of the findings from a recent review of its Memorandum of Understanding (MoU) concluded by the PRA itself and the Financial Conduct Authority (FCA) as regards the supervision of financial market infrastructures. Having engaged with firms dedicated as financial market infrastructures (FMIs), such as central counterparties, recognized investment exchanges, ...
Organisatiegegevens up-to-date
ID 25911
The DNB published an article in its News sector discussing the use of „Mijn DNB“ by institutions, emphasizing the “Organizational Data” service (Organisatiegegevens). This service allows institutions to view and partially manage their data held by DNB, as well as upload relevant documents. The use of technology and data-driven supervision aims to enhance efficiency, relying on institution-provided data. **Regularly reviewing, updating, and promptly processing ...