Regulatory Alerts2018-07-26
Added · Updated
Exposure Limits: Local Implementation Timeline
The Hong Kong Monetary Authority issued this directive to extend the implementation date of the amended Banking (Exposure Limits) Rules by six months to 1 July 2019. This adjustment addresses tight timelines and industry concerns regarding the local implementation of Basel Committee supervisory frameworks. The Authority anticipates completing legislative vetting by year-end while publishing operational guidance on linked counterparty grouping.
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