Regulatory Alerts2020-10-21
Added · Updated
Customer Protection in respect of Reform of Interest Rate Benchmarks
The Hong Kong Monetary Authority issued this circular to guide all authorized institutions on consumer protection measures regarding the reform of interest rate benchmarks. The document outlines the regulatory expectations for banks to manage the transition from legacy benchmarks to alternative reference rates effectively. It emphasizes the need for institutions to ensure fair treatment of customers and maintain transparency throughout the implementation process.
Topics
Share