Operational Resilience

Cover Story

Operational Resilience

Regulatory expectations under Operational Resilience 2 (OR-2) and evolving threats to stability mean that banks in Hong Kong should be taking steps to ensure they can withstand a variety of potential disruptions.

Thought Leaders

Innovation and Culture: the Keys to Delivering Customer-First Banking Solutions

As a homegrown bank that opened for business in 1919, through the provision of banking services that have touched the lives of numerous businesses and individuals, for more than a century The Bank of East Asia, Limited (BEA) has been inseparably connected with the development of Hong Kong, ultimately contributing to the city’s prosperity.

China World

Revisions to Cross-Boundary Wealth Management Scheme Offer Potential Benefits

In a significant move to deepen financial connectivity within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and bolster Hong Kong’s position as an international financial centre and offshore renminbi (RMB) hub, the Hong Kong and China Mainland regulators have released revised guidelines for the Cross-Boundary Wealth Management Connect Scheme (WMC scheme). This initiative, announced on 24 January 2024, is part of a broader strategy encompassing a series of policy measures to strengthen financial integration and promote cross-boundary investment within the GBA. 

Fintech

The Role of AI in Shaping a Cybersecurity Resilient Future

As banks and financial institutions continue to harness the power of AI to fortify their cybersecurity frameworks, providing multiple viewpoints, The Hong Kong Institute of Bankers (HKIB) Cybersecurity Solutions Day 2024, explored how AI can be both a catalyst for growth and a widening vector for cybersecurity threats. 

Change Horizons

Embedding Climate Change Risk Exposure Assessment into Banks’ Risk Management Systems

As the world grapples with the far-reaching implications of climate change, from credit and market risk to reputational and operational risk, banks and financial institutions need to pay close attention to the potential consequences associated with climate change risks.

GRC Corner

Dispute Resolution: A Positive View for Hong Kong’s Private Banking Industry

Underpinned by a robust legal framework, independent judiciary, low tax rate and experienced banking personnel, Hong Kong’s private banking sector is strategically positioned to provide an extensive range of services to customers from Mainland China as well as the rest of the Asia-Pacific region. To solidify these well-established foundations, an integral and transparent compliant handling process is vital.