Regulatory Alerts2022-09-23
Added · Updated
HKMA Adjustment of Interest Rate Stress Testing Requirement for Property Mortgage Lending
The Hong Kong Monetary Authority issued a circular to lower the interest rate stress testing requirement for property mortgage lending from 300 basis points to 200 basis points. This adjustment responds to recent monetary policy tightening and rising local funding costs that have pushed many mortgage rates to their caps. The revised requirement takes effect immediately and applies to mortgage loans for all types of properties.
Topics
Share