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 this supplementary guidance to support the implementation of the Banking (Capital)(Amendment) Rules 2023 regarding the revised credit risk framework. The document specifically details the requirements for Counterparty Credit Risk (CCR) as outlined in Chapter V of the regulatory enclosures. It provides essential technical standards and operational instructions for authorized institutions to ensure compliance with updated capital adequacy ratios and risk mitigation standards.