HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong. The comment period on the consultation ends on February 17, 2021. Subject to the outcome of the consultation and the subsequent legislative process for rule-making, HKMA is aiming to implement these amendments by the end of 2021.
Comment Due Date: February 17, 2021
Keywords: Asia Pacific, Banking, Hong Kong, Basel, Regulatory Capital, Equity Investments in Funds, BCR, Banking Capital Rules, HKMA
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