2020-03-30

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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Hong Kong

Hong Kong Monetary Authority

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CIR

Current

Issue Date:

30 Mar 2020

20200330-1-EN.pdf (104.0 KB)

Topic:

Capital Adequacy - Credit Risk (non-securitization exposures)

Capital Adequacy - Market Risk

Capital Adequacy - Operational Risk

Leverage Ratio

Miscellaneous - BCBS

Miscellaneous - Covid-19 challenges

Group:

All Authorized Institutions

Directly related Document

Cross referenced Document

Version History

Superseded Document

Directly related Document

Directly related Document

Cross referenced Document

Version History

Superseded Document

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