RegStream

The Hong Kong Monetary Authority (HKMA) announced today (20 December) that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Mr Nelson Chow as Executive Director (Financial Infrastructure) with effect from 30 December 2024. Mr Chow will succeed Mr Colin Pou who will be on secondment to The Hong Kong Mortgage Corporation Limited as Chief Executive Officer. As Executive Director (Financial Infra...

The Hong Kong Monetary Authority (HKMA) published today (20 December) statistics on SVF schemes issued by SVF licensees for the third quarter of 2024. The SVF scheme statistics (see Annex) include quarterly data on SVF schemes issued by the SVF licensees of the relevant periods. According to the quarterly statistics, the total number of SVF accounts in use (Note 1) was 77. 47 million at the end of Q3/2024, representing a 2. 8% increase from the previous quarter. The total number of S...

The Hong Kong Monetary Authority (HKMA) published today statistics of payment cards issued in Hong Kong for the third quarter of 2024. The payment card statistics (see Annex) include quarterly data on credit and debit cards issued in Hong Kong under the credit and/or debit card schemes of the eight payment card scheme operators (Note 1). The HKMA began to publish the payment card statistics on a quarterly basis in June 2010 to enhance transparency of the payment card industry in Hong K...

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) held the second bilateral meeting in Hong Kong today (20 December), further solidifying co-operation and connectivity between the financial services sectors of the two jurisdictions. Following the first bilateral meeting in Abu Dhabi in May 2023, the HKMA and the CBUAE have continued engaging in in-depth discussions covering several major areas, including cross-border debt capital market co...

The Federal Council has taken note of the report prepared by the Parliamentary Investigation Committee (PInC) on "Management by the authorities – CS emergency merger". It welcomes the fact that the PInC's report takes a positive view of the authorities' actions in the Credit Suisse crisis and of the solution chosen with the takeover by UBS. In its report for the attention of the Federal Assembly, the Federal Council sets out its position on the PInC's recommendations, motions and postulates. The...

At its meeting on 20 December 2024, the Federal Council appointed Aline Darbellay, Professor of Banking and Capital Market Law at the University of Zurich, as a new member of the Board of Directors of the Swiss Financial Market Supervisory Authority (FINMA) with effect from 1 January 2025.

JOINT PRESS RELEASE | DECEMBER 19, 2024 Federal Deposit Insurance CorporationFederal Reserve Board Agencies Release Annual Asset-Size Thresholds Under Community Reinvestment Act Regulations The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2025 updated C...

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. December 19, 2024 Agencies release annual asset-size thresholds under Community Reinvestment Act regulations Federal Reserve Board Federal Deposit Insurance Corporation For release at 3:30 p. m. EST ...

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The Federal Reserve Board on Thursday announced the appointment of seven members, including three new members, to its Insurance Policy Advisory Committee, or IPAC. The IPAC, which was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act, provides information, advice, and recommendations to the Board on domestic and international insurance issues. IPAC members have expertise in life insur...