Regulatory Alerts1996-10-18
Added · Updated
Guideline 2.2: Consolidated Supervision
The Hong Kong Monetary Authority issued Guideline 2.2 on October 18, 1996, to establish the framework for the consolidated supervision of authorized institutions. This guideline incorporates the Bank for International Settlements' Committee on Banking Supervision report on the supervision of cross-border banking as its primary annex. It mandates that all authorized institutions adhere to these standards to ensure effective oversight of their international operations and group-wide risk management.
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