Regulatory Alerts2014-04-24
Added · Updated
Basel Committee New Large Exposures Framework
The Hong Kong Monetary Authority notifies locally incorporated authorized institutions of the Basel Committee on Banking Supervision's new supervisory framework for measuring and controlling large exposures, which supersedes the 1991 guidance. The new standard introduces a general limit of 25% of Tier 1 capital for exposures to single counterparties and connected groups, alongside a tighter 15% limit for exposures to global systemically important banks. The HKMA intends to implement the standard by January 2019 and strongly recommends that institutions familiarize themselves with the framework while awaiting formal consultation on local implementation proposals.
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