Regulatory Alerts2018-12-14
Added · Updated
Interest Rate Risk in the Banking Book (IRRBB): Local Implementation
The Hong Kong Monetary Authority issued a revised Supervisory Policy Manual IR-1 and new reporting returns to implement the local Interest Rate Risk in the Banking Book framework. The regulator generally exempts foreign-incorporated authorized institutions from this framework if their parent group lacks a local subsidiary, allowing them to continue using existing reporting mechanisms. Non-exempt institutions are required to measure and report IRRBB exposures using the new standardized framework by 1 July 2019, with the first report based on data as of 30 June 2019.
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