2025-12-23

Added · Updated

IRRBB: Revised SPM Module IR-1 and Completion Instructions

The Hong Kong Monetary Authority has finalized revisions to Supervisory Policy Manual module IR-1 and associated return completion instructions following industry consultation. These changes implement recalibrated interest rate shocks established by the Basel Committee in July 2024, alongside minor clarifications and miscellaneous updates. The revised requirements become effective on 1 January 2026, with the first applicable reporting date for the MA(BS) 12A return being 31 March 2026.

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