Regulatory Alerts2018-02-02
Added · Updated
Banking (Amendment) Ordinance 2018
The Hong Kong Monetary Authority issued this circular to implement the Banking (Amendment) Ordinance 2018, which amends the Banking Ordinance to enhance the regulatory framework for authorized institutions. The document mandates compliance with revised requirements regarding large exposures, risk concentrations, and recovery planning to strengthen financial stability. It directs all authorized institutions to adhere to the updated supervisory policies and limits on credit exposures as outlined in the amended legislation.
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