Consultation conclusions on enhancements to Banking Ordinance
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The Hong Kong Monetary Authority (HKMA) published today (February 13) the conclusions of a public consultation on enhancements to the Banking Ordinance.
The consultation set out the enhancement proposals on the regulation of bank holding companies, the engagement of skilled persons, and a range of technical amendments to the Banking Ordinance and other banking-related legislation. The proposed enhancements aimed to increase regulatory clarity and effectiveness while reducing compliance burden. Respondents generally expressed support for the proposed enhancements. The consultation feedback and the HKMA’s responses are provided in the conclusions paper.
The HKMA will continue to work on the related legislative amendments, with a view to introducing an amendment bill into the Legislative Council in 2026.
Ends/Friday, February 13, 2026
Issued at HKT 16:30
Issued at HKT 16:30
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