Regulatory Alerts2024-12-06
Added · Updated
Basel III Final Reform Package – New and Amended Codes of Practice
The Hong Kong Monetary Authority issued new and amended codes of practice to implement the Basel III final reform package. These regulations include a new Banking (Capital) (Operational Risk) Code and amendments to the Banking (Exposure Limits) and Banking (Liquidity Coverage Ratio) Codes. All specified codes were published in the Gazette and take effect on 1 January 2025.
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