Regulatory Alerts1998-07-28
Added · Updated
Withdrawal of the HKMA's 40% guideline
The Hong Kong Monetary Authority has withdrawn its 40% guideline on property exposure for authorized institutions effective 28 July 1998. Despite this change, the regulator mandates that institutions maintain cautious property lending practices, including a maximum 70% loan-to-value ratio for residential mortgages. Banks are required to adhere to previously notified budgeted growth rates and continue engaging in annual supervisory discussions regarding their property lending plans.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share