Regulatory Alerts2021-07-20
Added · Updated
Group-wide Approach to Supervision of Locally Incorporated Authorized Institutions
The Hong Kong Monetary Authority issues this non-statutory guideline to outline its group-wide supervisory approach for locally incorporated authorized institutions within financial or commercial groups. The document classifies group structures into three types and mandates consolidated supervision for Type One groups alongside controller group reviews for Type Two and Type Three groups to mitigate contagion risks. It establishes legal frameworks, prudential standards, and information requirements to ensure holding companies remain sources of support rather than weakness for the authorized institutions.
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