Regulatory Alerts2024-12-13
Added · Updated
Banking (Capital)(Amendment) Rules 2023 - Supplementary Guidance on the Revised Credit Risk Framework
The HKMA issues supplementary guidance to facilitate the consistent application of the revised credit risk framework introduced by the Banking (Capital) (Amendment) Rules 2023, which take effect on 1 January 2025. The guidance covers administrative arrangements for External Credit Assessment Institution nominations, the Standardised Approach, the Internal Ratings-Based Approach, counterparty credit risk, and securitization. It incorporates clarifications on topics such as the reclassification of CVA risk to market risk and eligibility criteria for covered bonds, while noting that Chapter IV is currently under revision.
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