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.
CIR
Current
Issue Date:
25 May 2020
20200525-1-EN.pdf (268.0 KB)
Topic:
Capital Adequacy - Capital Base
Credit Risk Management - Loan classification/Provisioning
Miscellaneous - Covid-19 challenges
OTC Derivatives - Margining/Risk-mitigation
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
25 May 2020
Annex - Clarifications on the treatment of extraordinary support measures related to Covid-19
CIR
Current
08 Apr 2020
Regulatory reserve
Annex
Current
25 May 2020
Annex - Clarifications on the treatment of extraordinary support measures related to Covid-19
CIR
Current
08 Apr 2020
Regulatory reserve
Version History
Superseded Document
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