Regulatory Alerts2024-10-18
Added · Updated
Basel III implementation
The Hong Kong Monetary Authority issued this circular on October 18, 2024, to specify the applicable Jurisdictional Countercyclical Capital Buffer ratio for Hong Kong. The directive applies to all Authorized Institutions and addresses capital adequacy requirements for credit risk exposures that are not securitizations. This regulatory update ensures compliance with the Basel III framework by defining the specific buffer ratios institutions must maintain.
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