Regulatory Alerts1996-10-18
Added · Updated
Guideline 2.2: The Supervision of Cross-border Banking
The Hong Kong Monetary Authority issued Guideline 2.2 on October 18, 1996, to establish the framework for the consolidated supervision of cross-border banking activities. This document applies to all authorized institutions and incorporates the principles from the Basel Committee on Banking Supervision report on the same subject. It mandates specific supervisory standards to ensure the effective oversight of banking groups operating across international borders.
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