Regulatory Alerts2024-12-06
Added · Updated
Basel III Final Reform Package – New and Amended Codes of Practice
The Hong Kong Monetary Authority issued this circular on December 6, 2024, to implement the Basel III final reform package through new and amended codes of practice. The regulatory updates specifically address capital adequacy for operational risk, limits on large credit exposures and risk concentrations, and statutory liquidity requirements for all authorized institutions. These changes are reflected in revised versions of the Banking (Capital) (Operational Risk) Code and the Banking (Exposure Limits) Code.
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