Regulatory Alerts1999-03-09
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Basel Committee Report on Banks' Interactions with Highly Leveraged Institutions
The Hong Kong Monetary Authority issued Circular CIR 09 Mar 1999 to adopt the Basel Committee on Banking Supervision's report regarding banks' interactions with highly leveraged institutions. This document serves as an annex to the main report and outlines sound practices for managing credit risk associated with these entities. It applies to all authorized institutions to ensure prudent management of exposures to highly leveraged institutions.
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