Financial services publications
You will find here all our publications dedicated to the Financial Services industry.
Application for a banking licence with the Hong Kong Monetary Authority
This publication provides an overview of the Hong Kong Monetary Authority’s (“HKMA”) authorization regime and the minimum criteria for authorization of the HKMA for any person who wishes to apply for a banking license in Hong Kong. The brochure will cover the area related to authorization of virtual banks as HKMA expects virtual banks will promote the development of financial technology and innovation, as well as financial inclusion for retail customers, including small and medium-sized enterprises.
Concurrent SFC-HKMA thematic review of spread charges and other practices
On 18 May 2020, the Securities and Futures Commission (“SFC”) and the Hong Kong Monetary Authority (“HKMA”) announced that a concurrent thematic review on selected intermediaries in the second half of 2020 will be carried out to assess their spread charges and other practices as well as compliance with requirements governing the disclosure of trading capacity and monetary benefits under the Code of Conduct for Persons Licensed by or Registered with the SFC (“the Code of Conduct”).
May 2020 - Improving your impairment operating model
The Hong Kong economy has been operating amid strong external and domestic headwinds in recent years. Downside factors that forced Hong Kong into its first recession in a decade in 2019 include the initiation of the US-China Trade war in July 2018, the domestic social unrest surrounding the possible passage of an extradition law in Hong Kong starting from June 2019, and the global Covid-19 outbreak in January 2020.
Hong Kong Banks’ Study of Impairment and Covid-19 - May 2020
HKMA Regulatory Reporting
November 2019 - Hong Kong Banks’ HKFRS 9 Benchmark Study
Fintech - Supporting your Growth
At Mazars, we are not only a service provider; we take part in the FinTech debate and we are always seeking to improve our understanding of your business, your constraints and your challenges.
