Regulatory Alerts2024-06-18
Added · Updated
Banking Sector’s Support for Implementation of Severe Weather Trading
The Hong Kong Monetary Authority directs authorized institutions to support the September 2024 implementation of Severe Weather Trading by maintaining continuous electronic banking and payment services. Branches will remain closed during severe weather, requiring banks to ensure uninterrupted internet banking, phone banking, and customer service hotline operations. Institutions must finalize remote working arrangements, assist securities brokers with electronic migration and limit adjustments, and proactively communicate available services to customers.
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