Regulatory Alerts2018-07-03
Added · Updated
Supervisory Policy Manual CR-G-13 Counterparty Credit Risk Management
The Hong Kong Monetary Authority issues this non-statutory guideline to establish supervisory expectations and provide guidance for Authorized Institutions on managing counterparty credit risk. The document requires institutions to implement robust corporate governance, risk measurement, and mitigation practices, including stress-testing and collateral management, commensurate with the complexity of their activities. Institutions must align their systems with these standards within one year of issuance, subject to ongoing supervisory review and capital adequacy assessments.