Short briefings on regulation, credit data and lending operations, written for the people who run the book rather than for a policy audience. A new one every few days, each with its sources.
RegulationLending operations
The HKMA's 23 September alert names five banks hit by fraudulent websites, fake internet banking login screens and phishing. Here is what it means for a lender's onboarding and payment checks.
The HKMA has issued a scam alert on fraudulent websites and login screens for three banks. Lenders should review their own phishing defences and customer warnings.
Lending operationsTechnology
The proposals are specific about who submits, how often, and what counts as in scope. Here is the short version, and the part most lenders underestimate.
RegulationCredit data
One makes a loan unlawful. The other lets a court reopen it years later. Lenders who treat them as a single number tend to price against the wrong one.
RegulationLending operations
A common misreading: because Cap. 615 does not list money lenders, some operators conclude the obligations are lighter. They arrive by a different route, with an offence attached.
Regulation
A debt servicing ratio cap and a repayment-period limit are easy to state. Proving, months later, what income you relied on is where files fall apart.
RegulationLending operations
Capture is the easy half. The half that decides whether a file survives review is what happens to exceptions.
TechnologyLending operations
