Tag Archives: HKMA

LCH and CMU OmniClear Join Forces to Advance Global Clearing and Settlement of CNH Derivatives

(IN BRIEF) LCH Limited, part of LSEG, has signed an MoU with CMU OmniClear Limited to expand its ForexClear service to include CNH FX Options, Forwards, Swaps, and Spot transactions using Hong Kong’s PvP infrastructure. The offering, expected in early … Read the full press release

Shanghai Commercial Bank Implements Wolters Kluwer OneSumX Solution for Basel Compliance and Risk Management

(IN BRIEF) Shanghai Commercial Bank has successfully implemented Wolters Kluwer’s OneSumX solution to enhance its regulatory reporting, Basel III compliance, and risk management processes. The automated system streamlines operations and ensures compliance with the Hong Kong Monetary Authority’s guidelines. In … Read the full press release

Hong Kong’s Digital Asset Ecosystem Set to Grow with New Joint Venture for Stablecoin Issuance

(IN BRIEF) Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT have launched a joint venture to apply for a license from the Hong Kong Monetary Authority to issue a Hong Kong dollar-backed stablecoin. This collaboration leverages SCBHK’s banking infrastructure, … Read the full press release