Regulatory Alerts2020-03-30
Added · Updated
Deferral of Basel III implementation and HKMA’s supervisory actions in response to Covid-19
The Hong Kong Monetary Authority issued this circular to defer the implementation of Basel III standards and adjust supervisory actions in response to the Covid-19 pandemic. The measures apply to all authorized institutions and address capital adequacy for credit, market, and operational risks as well as the leverage ratio. This regulatory update aims to mitigate the financial impact of the pandemic on the banking sector while maintaining prudent oversight.
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