Regulatory Alerts2024-12-06
Added · Updated
Banking (Capital) (Operational Risk) Code
The Hong Kong Monetary Authority issued the Banking (Capital) (Operational Risk) Code to provide supervisory guidance for authorized institutions on implementing the Basel III revised operational risk capital framework. This document supplements the Banking (Capital) Rules by detailing the specific requirements and methodologies for calculating operational risk capital charges. It serves as the primary regulatory instrument for ensuring compliance with the final reform package regarding operational risk capital adequacy.
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