Regulatory Alerts2022-10-27
Added · Updated
Streamlined Launch Arrangements for New Personal-Lending Portfolio Products
The Hong Kong Monetary Authority has removed the requirement for prior discussion with authorized institutions before launching products under the New Personal-Lending Portfolio framework. This change follows a review confirming that the overall asset quality of these data-driven lending products is comparable to conventional portfolios. Authorized institutions must now notify the regulator on an ex-post basis, report data regularly, and continue adhering to prudent credit risk management and responsible lending principles.
More like this from HKMA
HKMA published 10 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share