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.
CIR
Current
Issue Date:
20 Apr 2021
20210420-1-EN.pdf (267.2 KB)
Topic:
Capital Adequacy - Credit Risk (non-securitization exposures)
Credit Risk Management - Retail credit risk management
Large Exposures & Risk Concentrations - HKMCI-related exposures
Miscellaneous - Covid-19 challenges
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
SPM-NGL
Current
11 Apr 2025
CR-G-7 Collateral and Guarantees
SPM-SGL
Current
19 Jan 2001
CR-G-2 Credit Approval, Review and Records
Directly related Document
SPM-NGL
Current
11 Apr 2025
CR-G-7 Collateral and Guarantees
SPM-SGL
Current
19 Jan 2001
CR-G-2 Credit Approval, Review and Records
Version History
Superseded Document
You may also be interested in
CIR
Current
16 Mar 2018
Transfer of General Insurance Business of The Hong Kong Mortgage Corporation Limited
Annex 1: Capital treatments for exposures covered by the Programmes after the transfer of the GI business
CIR
Current
25 Apr 2023
Dedicated 100% Loan Guarantee Schemes for Travel and Cross-boundary Passenger Transport Trades
Annex: 100% Personal Loan Guarantee Scheme
CIR
Current
25 Apr 2023
Dedicated 100% Loan Guarantee Schemes for Travel and Cross-boundary Passenger Transport Trades