Regulatory Alerts2020-07-14
Added · Updated
Revised BCBS Credit Valuation Adjustment (CVA) Risk Framework
The Hong Kong Monetary Authority issued this circular to implement the revised Basel Committee on Banking Supervision framework for Credit Valuation Adjustment risk. The document mandates that locally incorporated authorized institutions adhere to updated capital adequacy standards for market risk. This regulatory update aligns Hong Kong's supervisory actions with international Basel III requirements.
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