Regulatory Alerts2024-12-13
Added · Updated
Banking (Capital)(Amendment) Rules 2023 - Supplementary Guidance on the Revised Credit Risk Framework
The Monetary Authority of Hong Kong issued these Questions and Answers to assist authorized institutions in understanding the implementation of the Banking (Capital) Rules regarding the revised credit risk framework. The guidance clarifies the regulator's approach to specific sections of the rules while emphasizing that the official rules prevail over this explanatory material. Institutions are advised to consult legal professionals for specific applications and to note that the document reflects the rules as in force from 1 January 2025.