Regulatory Alerts2019-01-04
Added · Updated
Code of Practice – Banking (Securitization) Code
The Monetary Authority of Hong Kong issued the Banking (Securitization) Code to provide guidance on the Banking (Capital) Rules regarding eligible Asset-Backed Commercial Paper exposures. The document specifies the adequate and prudent standards required for underwriting, risk mitigation, and external credit agency selection in ABCP programmes. It further details the governance, risk management, and internal assessment framework conditions that authorized institutions must satisfy to obtain approval for using internal assessment processes to determine risk weights.
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