Regulatory Alerts2020-04-08
Added · Updated
Mechanism for calculating reduction in Regulatory Reserve and adjustment to target rate of benchmark regulatory provision
The Hong Kong Monetary Authority issued this circular on April 8, 2020, to establish a mechanism for calculating reductions in Regulatory Reserve and adjusting the target rate of benchmark regulatory provision. This guidance addresses capital adequacy and loan provisioning requirements specifically in response to the challenges posed by the Covid-19 pandemic. It applies to locally incorporated authorized institutions to ensure appropriate capital buffers during the crisis.
CIR
Current
Issue Date:
08 Apr 2020
20200408-2-EN.pdf (93.5 KB)
Topic:
Capital Adequacy - Capital Base
Credit Risk Management - Loan classification/Provisioning
Miscellaneous - Covid-19 challenges
Group:
Locally Incorporated Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
08 Apr 2020
Regulatory reserve
CIR
Current
08 Apr 2020
Regulatory reserve
Cross referenced Document
Version History
Superseded Document
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