Operational Resilience: What’s next?

We have updated our Operational Resilience timeline to include key recent developments from the UK, EU, Hong Kong, Singapore, Australia and international standard setting bodies.  Operational resilience is the ability to 'prevent, adapt, respond to, recover and learn from operational disruptions'. Read more

Hong Kong Stock Exchange and SFC announce rule amendments to reflect new conduct requirements for bookbuilding and placing activities to be implemented on 5 August 2022

The Hong Kong Stock Exchange has recently published an information paper setting out amendments to the Listing Rules which dovetail with the Securities and Futures Commission (SFC)’s new code of conduct provisions for intermediaries carrying out bookbuilding and placing activities in equity and debt capital market transactions. Read more

Hong Kong, can you handle this? The HKMA proposes new standards for operational resilience

Following the HKMA’s 21 April 2021 circular highlighting the additional guidance issued by the BCBS on 31 March 2021, namely the Principles for Operational Resilience and the Revised Principles for Sound Management of Operational Risk, the HKMA launched a consultation on 22 December 2021 on a new proposed Supervisory Policy Manual module OR-2 (Operational Resilience) and proposed amendments to existing SPM modules TM-G-2 (Business Continuity Planning) and OR-1 (Operational Risk Management) in order to align with the BCBS’s operational resilience guidance. Read more

Hong Kong Monetary Authority provides update on proposed regulatory framework for payment-related stablecoins and upcoming crypto-asset guidance

The Hong Kong Monetary Authority (HKMA) has recently issued its Discussion Paper on Crypto-assets and Stablecoins, setting out the regulatory landscape globally and in other jurisdictions, as well as the current landscape in Hong Kong, and how it believes the Hong Kong regulatory framework should be expanded to cover payment-related stablecoins. Read more