Regulatory Alerts2011-03-31
Added · Updated
Implementation of Positive Mortgage Data Sharing (PMDS)
The Hong Kong Monetary Authority issued this circular to implement Positive Mortgage Data Sharing (PMDS) for all authorized institutions. The directive requires banks to share positive mortgage repayment data with credit reference agencies to enhance credit risk management. This initiative supports the broader regulatory framework for residential mortgage lending and consumer credit data usage.
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