Regulatory Alerts2021-04-20
Added · Updated
100% Personal Loan Guarantee Scheme
The Hong Kong Monetary Authority issued this circular to establish a 100% personal loan guarantee scheme aimed at mitigating credit risk during the Covid-19 pandemic. The document outlines the capital adequacy and credit risk management requirements for all authorized institutions participating in the program. It specifically addresses the treatment of HKMCI-related exposures and ensures compliance with existing collateral and credit approval standards.