Regulatory Alerts2024-03-01
Added · Updated
Countercyclical Capital Buffer (CCyB) – Approach to its Implementation
The Hong Kong Monetary Authority issues this non-statutory guideline to explain its approach to implementing the Basel III Countercyclical Capital Buffer for locally incorporated authorized institutions. The framework requires AIs to calculate an AI-specific CCyB based on weighted jurisdictional buffers and mandates quarterly reporting and public disclosure of related capital adequacy data. The MA determines the applicable jurisdictional CCyB for Hong Kong using a transparent Initial Reference Calculator supplemented by comprehensive reference indicators and informed macroprudential judgment.
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