Regulatory Alerts2024-09-26
Added · Updated
Return of Large Exposures under the Banking Ordinance
The Monetary Authority requires Authorized Institutions to submit the MA(BS)28 return specifying large exposure information in accordance with section 63(2) of the Banking Ordinance. Submissions must be filed no later than one month after the end of each quarter, with deadlines deferred to the next working day if they fall on a public holiday. The form mandates detailed reporting on on-balance sheet, trading book, and off-balance sheet exposures, including derivative contracts, SFTs, and indirect exposures, categorized by Tier 1 capital percentages. Authorized Institutions must disclose aggregate exposures to connected parties, the twenty largest exposures before and after credit risk mitigation, exempted exposures, and intragroup exposures exceeding specified thresholds.
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