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The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong that: Bortand Bank as referred to on the above Website does not have the Monetary Authority’s (MA) authorization under the Banking Ordinance (the Ordinance) to carry on banking business, or the business of taking deposits, in Hong Kong; and Bortand Bank does not have the approval of the MA to establish a local representative office in Hong Kong under the Ordinance. Given the global nature of th...

The Hong Kong Monetary Authority (HKMA) issued today (15 August) a tentative issuance schedule for Exchange Fund Bills and Notes (EFBNs) for the coming quarter of October to December 2022. The schedule contains information on the tentative tender dates, issue sizes and issue dates of individual issues, representing rollover of maturing issues and taking into account planned adjustments to the maturity spectrum of the EFBN portfolio. The quarterly schedule is issued in the second month ...

The Hong Kong Monetary Authority published today (15 August) the credit card lending survey results for the second quarter of 2022. In the second quarter, total card receivables picked up by 8. 6% from previous quarter to HK$126. 0 billion at end-June 2022. The combined delinquent and rescheduled ratio edged down to 0. 31% at end-June 2022 from 0. 33% at the previous quarter-end. The quarterly charge-off ratio increased to 0. 47% from 0. 37% in the previous quarter, still relatively ...

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Industrial and Commercial Bank of China Limited relating to a fraudulent website and phishing email, which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website. The HKMA wishes to remind the public that banks will not send SMS or e-mails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They wil...

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/PressRoom/PressReleases/8573-22 Skip to main content Release Number 8573-22 CFTC Issues Final Rule Modifying the Swap Clearing Requirement In Support of the Transition from LIBOR and Other Interbank Offered Rates to Alternative Reference Rates August 12, 2022 Washington, D. C. — The Commodity Futures Tr...

Washington, D. C. — The Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the U. S. District Court for the Southern District of Ohio against Rathnakishore Giri of New Albany, Ohio and his Ohio-based companies NBD Eidetic Capital, LLC and SR Private Equity, LLC. The complaint alleges that Giri and his companies fraudulently solicited over $12 million and at least 10 bitcoins from more than 150 customers and that Giri and his companies misappropriate...

MinutesIntroduction Bank staff provided an overview of the information published in the provisional Market Notice relating to APF gilt sales on 4 August 2022. In the minutes of its meeting ending on 3 August 2022, the MPC had said that it was provisionally minded to commence gilt sales shortly after its September policy meeting, subject to economic and market conditions being judged appropriate and subject to a confirmatory vote at that meeting. The Monetary Policy Committee (MPC) had asked the...

Washington D. C. , Aug. 12, 2022 — The Securities and Exchange Commission today announced that Lori H. Price has been named Director of the Office of Credit Ratings (OCR), effective Aug. 14, 2022. She has served as Acting Director since February 2022 and has more than 30 years of experience in various roles at the SEC. "I am pleased that Lori, building upon her decades of service to the SEC, has agreed to serve as Director of the Office of Credit Ratings," said...

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