Regulatory Alerts2022-11-25
Added · Updated
Implementation of Basel III final reform package
The Hong Kong Monetary Authority adjusts the implementation timeline for Basel III final reforms, delaying the effective date for credit, operational, leverage, and market risk standards to no earlier than 1 January 2024. The regulator also aligns domestic policy with international standards by modifying the output floor phase-in arrangement and reducing the minimum risk-weight for residential real estate exposures to 20%. Additionally, a 15% risk-weight floor will apply to internal ratings-based residential mortgage exposures starting from 1 January 2023 to reflect the calibrated output floor level.
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