Regulatory Alerts2024-10-18
Added · Updated
Applicable Jurisdictional Countercyclical Capital Buffer Ratio for Hong Kong
The Hong Kong Monetary Authority has reduced the jurisdictional countercyclical capital buffer ratio for Hong Kong from 1% to 0.5% with immediate effect. This decision, announced pursuant to the Banking (Capital) Rules, aims to provide banks with additional leeway to support local small and medium-sized enterprises amid economic uncertainties. The Monetary Authority will continue to monitor the situation closely and review the ratio on a quarterly basis or more frequently.
Topics
Share