Regulatory Alerts2014-02-07
Added · Updated
BCBS Guidance on A Sound Capital Planning Process
The Hong Kong Monetary Authority issued this letter to encourage authorized institutions to review their capital planning processes against the four fundamental components identified by the Basel Committee on Banking Supervision. These components include internal control and governance, capital policy and risk capture, a forward-looking view, and a management framework for preserving capital. The regulator intends to enhance existing supervisory guidance to incorporate these sound practices while urging institutions to address any material deficiencies immediately.
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