2018-12-17
Added · Updated
The Hong Kong Monetary Authority informs authorized institutions of the Basel Committee on Banking Supervision's December 2018 update to the Pillar 3 disclosure framework. This final package introduces revised requirements regarding Basel III capital standards, asset encumbrance, and problem assets, with implementation deadlines set for late 2020 and 2022. The HKMA recommends that locally incorporated institutions review these changes and prepare necessary system adjustments ahead of upcoming industry consultations.
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