Regulatory Alerts2015-04-30
Added · Updated
Revised Return of Large Exposures (Form MA(BS)1D) and Annex 3 Summary of Changes
The Hong Kong Monetary Authority requires authorized institutions to report default risk exposures from all OTC and credit derivative contracts using the Current Exposure Method instead of internal models. The revision updates completion instructions to clarify reporting treatments for credit derivatives, joint accounts, and central counterparties while aligning definitions with the Basel III framework. A transitional arrangement permits the use of quarter-end positions for derivative exposures until the first quarter of 2016, after which maximum exposures during the reporting period must be reported.
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