Regulatory Alerts2024-03-15
Added · Updated
New SPM modules on market and CVA risk: MR-1 and MR-2
The Hong Kong Monetary Authority issued new Supervisory Policy Manual modules MR-1 and MR-2 as statutory guidance to establish minimum standards for calculating market risk and CVA risk capital charges. These modules implement the revised frameworks set out in the Banking (Capital) (Amendment) Rules 2023 and are intended to come into effect on 1 January 2025. All locally incorporated authorized institutions are required to adopt these standards, which are now available on the HKMA website and the Supervisory Communication Website.
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