HKAB, DTCA and HKMA on Expansion of Coverage of Commercial Credit Data
Hong Kong Association of Banks (HKAB), DTC Association (DTCA), and HKMA jointly announced the coverage expansion of commercial credit data sharing through the Commercial Credit Reference Agency (CCRA) in Hong Kong. From December 01, 2017, the database will be expanded to cover more non-listed limited companies with an annual turnover of up to HKD 100 million, from the current threshold of HKD 50 million. HKAB, DTCA, and HKMA also updated the information leaflet on CCRA, which sets out the aim and benefits of the CCRA, the way it works, and its data security safeguards.
CCRA was established on November 01, 2004, under the industry’s initiative and with the strong support of HKMA. CCRA collects information about the indebtedness and credit history of business enterprises and makes this information available to lending institutions. It aims to strengthen credit risk management capacity of authorized institutions and to facilitate fair and effective access to credit by business enterprises. CCRA initially covered small and medium-size enterprises (SMEs), which were non-listed limited companies with an annual turnover up to HKD 50 million. Then, in March 2008, CCRA had expanded its coverage to include sole proprietorships and partnerships.
Keywords: Asia Pacific, Hong Kong, Banking, Commercial Credit Data, CCRA, HKAB, DTCA, HKMA
Previous Article
EC Amends Definition of Systematic Internalisers Under MiFID IIRelated Articles
|
News
US Agencies Consult on Capital Treatment of Land Development LoansUS Agencies (FDIC, FED, and OCC) issued a proposed rule on the treatment of loans that finance the development of land for purposes of the one- to four-family residential properties exclusion in the definition of high volatility commercial real estate (HVCRE) exposure in the regulatory capital rule.
July 12, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Second Update for July 2019Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published answers to five questions related to supervisory reporting.
July 12, 2019
WebPage
Regulatory News
|
|
News
ESMA Updates Manual for European Single Electronic Format in EUESMA updated the reporting manual for European Single Electronic Format (ESEF).
July 12, 2019
WebPage
Regulatory News
|
|
News
FED Updates Supplemental Instructions for Reporting Form FR Y-9CFED updated the supplemental instructions for FR Y-9C reporting.
July 12, 2019
WebPage
Regulatory News
|
|
News
EBA Publishes Report on Monitoring Implementation of LCR in EUEBA published its first report on the monitoring of the implementation of liquidity coverage ratio (LCR) in EU.
July 12, 2019
WebPage
Regulatory News
|
|
News
APRA Applies Additional Capital Requirements to Three Australian BanksAPRA is applying additional capital requirements to three major banks in Australia to reflect higher operational risk identified in their risk governance self-assessments.
July 11, 2019
WebPage
Regulatory News
|
|
News
IMF Report on 2019 Article IV Consultation on Euro Area PoliciesIMF published its staff report in context of the 2019 Article IV consultation on euro area policies with member countries.
July 11, 2019
WebPage
Regulatory News
|
|
News
FSB to Survey Practices on Cyber Incident Response and RecoveryFSB launched a survey on the industry practices on cyber incident response and recovery.
July 11, 2019
WebPage
Regulatory News
|
|
News
ECB Appoints New Members of Supervisory BoardThe Governing Council of ECB appointed Edouard Fernandez-Bollo, Kerstin af Jochnick, and Elizabeth McCaul as representatives to the Supervisory Board of ECB Banking Supervision, for a five-year non-renewable term.
July 11, 2019
WebPage
Regulatory News
|
|
News
OSFI Consults on Applying Proportionality to Pillar 1 Rules in CanadaOSFI published a discussion paper seeks input on possible tailoring of the capital and liquidity requirements for small and medium-size deposit-taking institutions.
July 11, 2019
WebPage
Regulatory News
|
