Regulatory Alerts2019-12-17
Added · Updated
Market Risk Capital Requirements: Local Implementation Timeline
The Hong Kong Monetary Authority informs locally incorporated authorized institutions that it will finalize the local implementation timeline for Basel Committee market risk standards once international clarity is achieved. As a transitional measure, these institutions must implement the new market risk framework for reporting purposes only by 1 January 2022. To assess the impact of these new standards on Hong Kong, the HKMA will conduct a local Quantitative Impact Study on locally incorporated authorized institutions early next year.
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