Regulatory Alerts2024-12-06
Added · Updated
Banking (Capital) (Operational Risk) Code
The Monetary Authority of Hong Kong issued the Banking (Capital) (Operational Risk) Code to provide guidance on the calculation of the Business Indicator and operational risk capital charges under the Banking (Capital) Rules. The Code specifies the income statement and balance sheet items comprising the Business Indicator and establishes standards for high-quality operational loss data, including classification, collection, and validation requirements. It further defines operational loss event categories and data reporting obligations to ensure consistent application of the standardized approach for operational risk.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.