Regulatory Alerts2020-05-25
Added · Updated
Clarifications on the treatment of extraordinary support measures related to Covid-19
The Hong Kong Monetary Authority issued this circular to provide clarifications on the treatment of extraordinary support measures related to Covid-19 for authorized institutions. The guidance addresses specific regulatory treatments concerning capital adequacy, loan classification, provisioning, and OTC derivatives margining. These measures aim to alleviate the financial impact of the pandemic while maintaining prudent risk management standards.