LexisNexis
Introduction and Regulation of Virtual Banks in Hong Kong
Introduction and Regulation of Virtual Banks in Hong Kong
Course Description
Since the first virtual bank launched in 2019, there are more virtual banks in Hong Kong. In this CPD course, we would discuss the regulation of virtual banking in Hong Kong, the use of technologies for a virtual bank’s day-to-day operations, regulatory compliance and risk management processes, the challenges of virtual banking in Hong Kong and law and regulation coping with fast changing technologies. As Banking Ordinance is closely connected with virtual banking in Hong Kong, we would also discuss the Banking Ordinance. We would explore the regulatory policies, some recent amendments of Banking Ordinance, some recent cases on Banking Litigation and how those things affect virtual banks. Towards the end of the webinar, we would discuss Banking Ordinance and the international regulations related to banking in other jurisdictions and how they apply to virtual banks.
Course Outline
Topic: Virtual Banking in Hong Kong | 2:30pm - 3:00 pm
by Miss Chloe Sung, General Counsel, ZhongAn Technologies International Group Limited
- Regulation of virtual banking in Hong Kong
- Use of technologies for a virtual bank’s day-to-day operation, regulatory compliance and risk management processes
- Challenges of virtual banking in Hong Kong
Topic: Banking Ordinance (Cap 155) | 3:00pm - 3:30pm
by Mr. Kevin Lee, Barrister, Prince’s Chambers (Author of ‘Butterworths Hong Kong Banking Law Handbook – Fifth Edition’)
- Regulatory Policies
- Banking Ordinance – Recent amendments
- Banking Litigation – Recent cases
- How those things affect virtual bank International Regulations related to banking and Banking Ordinance (briefly about how it applies to virtual banks) in other jurisdictions
Course Schedule
Date: 3 March 2021 (Wednesday) | Time: 2:30pm - 3:30pm | Fee: Free
Accreditation(s): 1 CPD Point (Subject to accreditation by The Law Society of Hong Kong)
Level: Intermediate | Language: English
Rules for Online Attendance:
Terms & Conditions:
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Special offer for attendees
10% off on Butterworths Hong Kong Banking Law Handbook - Fifth Edition
