Regulatory Alerts2024-11-21
Added · Updated
Implementation of Basel III final reform package: Supervisory highlights
The Hong Kong Monetary Authority issued this letter to authorized institutions regarding the upcoming implementation of the Basel III final reform package on 1 January 2025. The regulator highlights that most institutions have completed system testing and outlines five key good practices for final preparation, including senior management oversight, audit trails, internal process updates, staff training, and post-implementation monitoring. These measures are designed to ensure robust compliance with revised capital standards and effective management of associated operational changes.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share