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 issued these amendments to update regulatory frameworks for authorized institutions regarding capital adequacy, large exposures, and disclosure requirements. The rules modify the Banking (Exposure Limits) Rules, Banking (Capital) Rules, and Banking (Disclosure) Rules to align with international standards on credit risk, sovereign concentration, and Pillar 3 disclosures. These changes impose specific obligations on all authorized institutions to ensure accurate reporting and prudent risk management practices effective from the specified dates.
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