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.
CIR
Current
Issue Date:
06 Dec 2024
20241225-18-EN.pdf (196.0 KB)
Topic:
Capital Adequacy - Operational Risk
Large Exposures & Risk Concentrations - Limits on credit exposures
Large Exposures & Risk Concentrations - Others
Liquidity Risk Management - Statutory liquidity requirements
Group:
All Authorized Institutions
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Directly related Document
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