Regulatory Alerts2018-12-21
Added · Updated
Banking (Exposure Limits) Rules, Banking (Capital) (Amendment) Rules 2018 and Banking (Disclosure) (Amendment) (No. 2) Rules 2018
The Hong Kong Monetary Authority informs authorized institutions that the negative vetting period for three banking rule amendments has expired, allowing them to take effect. The Banking (Capital) (Amendment) Rules 2018 introduce staggered implementation dates in January, April, and July 2019 to incorporate the Internal Assessment Approach for securitisation, revise capital instrument eligibility, and address sovereign exposure risks. Concurrently, the Banking (Exposure Limits) Rules and Banking (Disclosure) (Amendment) (No. 2) Rules 2018 will fully implement the Basel large exposure framework locally and supersede obsolete provisions in the Banking Ordinance from 1 July 2019.
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