Regulatory Alerts2018-11-16
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 three new rules to implement 2014 and 2016 Basel standards on large exposures, total loss-absorbing capacity, and securitisation frameworks. These amendments replace existing exposure limits, introduce capital treatments for sovereign concentration risk and TLAC holdings, and align disclosure definitions with the updated capital rules. The subsidiary legislation is subject to Legislative Council negative vetting and will come into operation between January and July 2019 depending on the specific provisions.
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