Regulatory Alerts2019-12-09
Added · Updated
Supervisory Policy Manual CR-L-1: Consolidated Supervision of Concentration Risks BELR Rule 6
The Hong Kong Monetary Authority issues this statutory guideline to establish principles for the consolidated supervision of concentration risks under BELR Rule 6. It empowers the regulator to require authorized institutions with subsidiaries to apply exposure limits on solo, consolidated, or mixed bases to prevent circumvention of statutory limits through group entities. The document details the criteria for including subsidiaries in consolidation, the calculation of Tier 1 capital, and the specific conditions for permitting solo consolidation of wholly owned subsidiaries.
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