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 the Banking (Exposure Limits) Rules. It empowers the regulator to require locally incorporated authorized institutions with subsidiaries to apply exposure limits on either a solo or consolidated basis 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 under which solo consolidation may be permitted.
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