HKMA Revises Guideline on Application of Banking Disclosure Rules
HKMA issued a revised version of the Supervisory Policy Manual module CA-D-1 on guideline on the application of the Banking (Disclosure) Rules (BDR). The module was revised mainly to provide updated interpretative guidance on the application of BDR, which has been substantially amended since 2017 to incorporate the first two phases of the Basel revised Pillar 3 framework. This is a non-statutory guideline issued by the HKMA as a guidance note.
In response to a recent query raised by the industry regarding the expectation for overseas incorporated authorized institutions to conduct, before publication, an internal review of disclosures under section 12.3 of the guideline, HKMA confirmed that such practice may be adopted as soon as practicable, preferably no later than for disclosures relating to the reporting period ending on or after December 31, 2019.
Keywords: Asia Pacific, Hong Kong, Banking, BDR, Disclosure, Supervisory Policy Manual, Pillar 3, Basel III, Banking Ordinance, HKMA
Featured Experts
Dieter Van der Stock
IFRS subject matter expert; accounting authority; risk management specialist
Previous Article
FIN-FSA Issues Guidance on Reporting of Settlement InternalizationRelated Articles
|
News
FASB Proposes Taxonomy Changes Related to Topics 848 and 470FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Statement on Recalculating Transitional Measures Under Solvency IIBoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Paper on Market-Implied Systemic Risk and Shadow Capital AdequacyBoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.
September 13, 2019
WebPage
Regulatory News
|
|
News
HKMA Consults on Policy Module on Pillar 2 Supervisory Review ProcessHKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.
September 13, 2019
WebPage
Regulatory News
|
|
News
PRA Publishes Waiver by Consent of Continuity of Access RulesPRA published a new waiver by consent to waive the Continuity of Access requirements contained in the Depositor Protection Part of the PRA Rulebook (DPP).
September 13, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Second Update for September 2019EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions.
September 13, 2019
WebPage
Regulatory News
|
|
News
PRA Revises Branch Return and Updates Guidance for Regulatory ReportsPRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance.
September 12, 2019
WebPage
Regulatory News
|
|
News
ISDA Guide on Collateral Management Under Smart Derivatives ContractsISDA published the third in a series of legal guidelines for smart derivatives contracts.
September 12, 2019
WebPage
Regulatory News
|
|
News
ESA Report Highlights Risks of No-Deal Brexit in EU Financial SystemESAs published a Joint Committee report on risks and vulnerabilities in the EU financial system.
September 12, 2019
WebPage
Regulatory News
|
|
News
ECB Modifies New Targeted Longer-Term Refinancing OperationsThe Governing Council of ECB decided to modify some of the key parameters of the third series of targeted longer-term refinancing operations (TLTRO III) to preserve favorable bank lending conditions (Decision (EU) 2019/1558).
September 12, 2019
WebPage
Regulatory News
|
