Unlocking Potential from Changing Times

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Issue #134 (Jan - Feb 2024)
	Cover Story Unlocking Potential from Changing Times While Hong Kong is entering 2024 facing ongoing geopolitical and economic headwinds beyond the city’s control, the Publication Sub-Committee of the Hong Kong Institute of Bankers (HKIB) explores scenarios and initiatives that give rise to cautious optimism.
	Thought Leaders The People Connection: Reflections on a Career in Banking Having spent more than three decades in the banking industry during which time she has held senior positions in corporate and commercial banking covering relationship management, product management as well as credit and sales, for Ivy AU YEUNG, the former Chief Executive of OCBC Bank (Hong Kong) Limited (OCBC Hong Kong), who retired at the end of December 2023, high on her list of memorable achievements is the satisfaction of coaching and guiding people.
	China World New Hong Kong-Mainland China Reciprocal Enforcement Regime The long-awaited Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Ordinance Cap 645 (Ordinance) came into force on 29 January 2024. The Ordinance will provide a more comprehensive mechanism for reciprocal recognition and enforcement of judgments in civil and commercial matters between Hong Kong and Mainland China. Aside from an increase in certainty and predictability for parties, a reduction in time and legal costs spent on cross-boundary enforcement of judgments can be expected.
	Fintech Flagship Information and Communications Technology Awards Recognise Outstanding Innovation Recognised for promoting outstanding information and communications technology (ICT) inventions and applications, for the past 17 years the Hong Kong ICT Awards have served as a prominent platform for local information and communications technology talents and enterprises to showcase their innovations and excellence. As part of the awards programme, the ICT FinTech Award is composed of three streams: Applied Solutions; Emerging Solutions; and Regulatory Technology and Risk Management (which includes Fintech Security). In this article, Banking Today takes a closer look at the Gold Award winners and discovers what made their ideas resonate not only with the judges, but with the market and their customers.
	Change Horizons Climate Change Preparedness, a Priority for Banks As the consequences of climate change become more widely understood, as both intermediaries and providers of capital, banks and financial institutions require strategies to manage internal operational processes and business transition activities as well as strategies designed to meet climate change-related legal and regulatory requirement.