Regulatory Alerts2014-04-16
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Issuance and implementation of a final standard for the capital treatment of bank exposures to central counterparties
The Hong Kong Monetary Authority issued a final standard to implement the Basel Committee on Banking Supervision's capital requirements for bank exposures to central counterparties. The new framework replaces interim rules with a simplified single approach using the standardised method for counterparty credit risk, imposes a cap on total capital charges, and specifies treatments for multi-level client structures. Authorized institutions are advised to review these implications as the HKMA intends to amend the Banking (Capital) Rules to align with the January 2017 implementation timetable.
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