FTAHK response to HKMA Virtual Banking consultation

Consultation

The HKMA plans to implement multiple initiatives to support innovation in the banking sector and embrace the opportunities brought about by the convergence of financial services and technology. This response focuses on the initiative to revise the “Guideline on Authorization of Virtual Banks” first published in 2000, and subsequently revised in 2012, in line with corresponding revisions to the Banking Ordinance.

 

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