Regulatory Alerts2018-10-19
Added · Updated
Revised Supervisory Policy Manual Module IC-5 on Stress-testing
The Hong Kong Monetary Authority issued this letter to announce the upcoming update of Supervisory Policy Manual module IC-5 to align with the Basel Committee on Banking Supervision's 2018 Stress testing principles. The regulator requires authorized institutions to immediately review and strengthen their stress testing frameworks and practices in light of these new international standards. This directive ensures that banks maintain robust risk management capabilities while the HKMA consults with the industry on the formal implementation of the revised guidelines.
Topics
Share