Regulatory Alerts2024-12-13
Added · Updated
Banking (Capital)(Amendment) Rules 2023 - Supplementary Guidance on the Revised Credit Risk Framework
The Hong Kong Monetary Authority issued supplementary guidance to support the implementation of the Revised Credit Risk Framework under the Banking (Capital)(Amendment) Rules 2023. This document provides detailed technical instructions for Authorized Institutions on applying External Credit Assessment Institution ratings, the Standardised Approach, and the Internal Ratings-Based approach. It further outlines regulatory requirements for managing counterparty credit risk and securitization exposures to ensure capital adequacy compliance.