Regulatory Alerts2017-10-12
Added · Updated
Banking (Amendment) Bill 2017
The Hong Kong Monetary Authority announces the publication of the Banking (Amendment) Bill 2017 to update the regulatory regime with international standards on recovery planning and large exposure limits. The Bill, scheduled for introduction into the Legislative Council on 25 October 2017, amends the Banking Ordinance to align local rules with these global benchmarks. Following the Bill's passage, the regulator intends to consult on draft rules for equity exposures in early 2018 and other components of the new exposure limits regime later that year.
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