HKMA Revises Guideline on Application of Banking Disclosure Rules

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