Guidance · HKMA · 11 Jan 2019

Code of Practice – Banking (Securitization) Code

The Hong Kong Monetary Authority issued the Banking (Securitization) Code under section 97M of the Banking Ordinance to provide technical guidance on qualifying conditions for the internal assessment approach. This framework allows authorized institutions to calculate capital requirements for certain securitization exposures in accordance with the Banking (Capital) (Amendment) Rules 2018. The Code took effect immediately upon its publication in the Gazette on 11 January 2019.

Hong KongHong Kong Monetary Authority

Banking Policy Department
Our Ref: B1/15C
B9/75C
11 January 2019
The Chief Executive
All Locally Incorporated Authorized Institutions Dear Sir/Madam, Code of Practice – Banking (Securitization) Code I am writing to inform you that the Banking (Securitization) Code (“Code”) was published in the Gazette today. The Code is issued under section 97M of the Banking Ordinance to provide technical guidance on the qualifying conditions for using the internal assessment approach (introduced in the Banking (Capital) (Amendment) Rules
2018) to calculate the capital requirement for certain securitization exposures.
The Code takes effect immediately.
Yours faithfully,
Daryl Ho
Executive Director (Banking Policy) cc: The Chairperson, The Hong Kong Association of Banks The Chairman, The DTC Association FSTB (Attn: Ms Eureka Cheung)

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