Regulatory Alerts2024-09-26
Added · Updated
Consolidated Supervision of Concentration Risks: BELR Rule 6
The Hong Kong Monetary Authority issues this statutory guideline to establish principles for applying consolidated supervision of concentration risks under the Banking (Exposure Limits) Rules. It empowers the regulator to require authorized institutions with subsidiaries to comply with exposure limits on solo, solo-consolidated, or consolidated bases via specific notices. The document details the criteria for including subsidiaries in consolidation, the calculation of Tier 1 capital, and notification obligations regarding changes in group structure.
Topics
Share