January 11, 2019

HKMA issued a circular to all locally incorporated authorized institutions informing that the Banking (Securitization) Code (Code) has been published in the Gazette on January 11, 2019. The Code is issued under section 97M of the Banking Ordinance to provide technical guidance on the qualifying conditions for using the internal assessment approach (introduced in the Banking (Capital) (Amendment) Rules 2018) to calculate the capital requirement for certain securitization exposures. The Code takes effect immediately.

Effective Date: January 11, 2019

Keywords: Asia Pacific, Banking, Securities, Banking Ordinance, BCAR, Banking Securitization Code, Securitization Framework, HKMA

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