Regulatory Alerts2020-05-25
Added · Updated
Additional measures to alleviate the impact of Covid-19
The Hong Kong Monetary Authority issued this circular on 25 May 2020 to provide clarifications on the regulatory treatment of extraordinary support measures related to the Covid-19 pandemic. The document addresses capital adequacy, loan classification, and provisioning requirements for all authorized institutions to mitigate financial stress. It also includes an annex detailing specific adjustments for non-centrally cleared OTC derivatives transactions and margining standards.