RegStream

During its meeting on 6 December 2024, the Federal Council decided to initiate a consultation on amending the Ordinance on Climate Disclosures. The aim of the bill is to adapt the ordinance to the latest international developments. The consultation will last until 21 March 2025.

Date: 6 December 2024 Reaching Out to the Community – Privacy Commissioner Attends China Macro Economy and Integration with the Greater Bay Area Forum 2024 The Privacy Commissioner for Personal Data (Privacy Commissioner), Ms Ada CHUNG Lai-ling, attended the China Macro Economy and Integration with the Greater Bay Area Forum 2024 organised by the Sing Tao News Corporation on 6 December and exchanged views with different stakeholders in the community. Titled “New M...

The Federal Department of Economic Affairs, Education and Research EAER has published an amendment to Annex 2 of the Ordinance of 2 October 2000 on measures to be taken against persons and organisations with links to Usama bin Laden, the group "Al-Qaeda" or the Taliban (SR 946. 203). By decision of 2 December 2024, the responsible UN Sanctions Committee amended the list of persons, companies and organisations sanctioned in this context. The amendment is directly applicable in Switzerland. On ...

The Hong Kong Monetary Authority (HKMA) launched a public consultation today (5 December) on proposed enhancements to the Banking Ordinance (Cap. 155). The Hong Kong banking system is robust, resilient and well regulated. However, given the rapid developments in the banking sector and the evolving domestic and international regulatory and supervisory landscape, it is important that the HKMA reviews and assesses the policy and legal framework for banking regulation and supervision in Ho...

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 5-year RMB institutional Government Bonds (issue number 05GB2912002) under the Infrastructure Bond Programme was held today (5 December). A total of RMB1. 0 billion 5-year Government Bonds were offered today. A total of RMB3. 028 billion tender applications were received. The bid-to-cover ratio, i. e. the ratio of bonds app...

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 1-year RMB institutional Government Bonds (issue number 01GB2512001) under the Infrastructure Bond Programme was held today (5 December). A total of RMB1. 5 billion 1-year Government Bonds were offered today. A total of RMB6. 258 billion tender applications were received. The bid-to-cover ratio, i. e. the ratio of bonds app...

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Police Force (the Police) and the Hong Kong Association of Banks (HKAB), announced today (5 December) the expansion of the Suspicious Account Alert to include transactions at Automated Teller Machines (ATMs) (including cash deposit machines). Starting from 8 December 2024, 22 participating banks (see the list at Annex) will gradually implement the alert mechanism at their ATMs, and provide their customers with d...

The Ministry of Finance will issue Renminbi Sovereign Bonds through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA). Please find attached the tender notice and the tender information memorandum of the Renminbi Sovereign Bonds to be issued by the Ministry of Finance. Please also find attached the tender-related information provided by the Issuing and Lodging Agent through the HKMA. Annexes: 1. Tender notice 2. Tender information memorandum 3. Tender-related inf...

Date: 5 December 2024 Enhancing Cybersecurity – Privacy Commissioner Attends the HKCNSA 1st Anniversary Ceremony The Privacy Commissioner for Personal Data (Privacy Commissioner), Ms Ada CHUNG Lai-ling, attended the Hong Kong China Network Security Association (HKCNSA) 1st Anniversary Ceremony as the Guest of Honour on 5 December. The Privacy Commissioner extended congratulations to the HKCNSA and wished the association continuous success, while helping its member...

Contribution by Christine Lagarde, President of the ECB to The Economist Frankfurt am Main, 4 December 2024A fragmented financial infrastructure means that Europe gets less bang for its euro Europe is not short of ideas, innovators or savings. Europeans save more of their income than Americans, and their share in global patent applications is close to that of the United States. But Europe often struggles to turn ideas into new technologies that can drive growth. One reason is that it is much les...