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 issued editorial revisions to Supervisory Policy Manual CR-L-1 to explicitly require Authorized Institutions to comply with statutory large exposure limits on a consolidated basis. These changes align local regulations with Basel Committee on Banking Supervision standards following a recent assessment of local implementation. The HKMA expects no real impact on the industry as the revisions are purely editorial and do not alter existing supervisory policies.
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