Regulatory Alerts2013-08-09
Added · Updated
Product Risk Rating of High-Yield Bonds and Related Products
The Hong Kong Monetary Authority issued this circular to provide further guidance on assigning product risk ratings to high-yield bonds and related products. Registered Institutions are required to adopt robust methodologies that reflect the higher risks of these assets rather than treating all fixed income products as low risk. Institutions must implement adequate procedures and review ratings at appropriate intervals, with full compliance expected within six months of the circular's date.
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