Regulatory Alerts2013-12-20
Added · Updated
Internal Ratings-based Approach: Revised Capital Floor Requirements
The Monetary Authority of Hong Kong has revised capital floor requirements for locally incorporated authorized institutions using the internal ratings-based approach to align with Basel Committee standards. The regulator will issue individual notices requiring these institutions to maintain capital floors beyond the initial three-year transitional period, with specific adjustment factors of 90% and 80% applying to institutions adopting the approach after 2009. These measures ensure continued adherence to prevailing Basel capital standards until a termination event occurs or the Banking Capital Rules are amended.
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