Regulatory Alerts2024-10-18
Added · Updated
Basel III implementation
The Hong Kong Monetary Authority issues this circular to guide Authorized Institutions on early implementation of specific Basel III capital adjustments ahead of the January 2025 effective date. The regulator permits AIs to adopt lower risk weights for SME exposures and remove risk-weight floors for residential mortgages under the Internal Ratings-Based approach, while maintaining an accommodative supervisory stance. Institutions are required to report these exposures separately and engage with the HKMA to demonstrate prudent risk management and support for local SME financing.
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