Featured Product

    HKMA Finalizes Form and Instructions for Reporting of Large Exposures

    September 06, 2019

    HKMA issued a circular informing all authorized institutions that the new return for large exposures (Form MA(BS)28) and the accompanying completion instructions have been finalized. Annex 1 of the circular contains the finalized form MA(BS)28, along with the accompanying completion instructions. Additionally, HKMA published “Introduction” part of the Completion Instructions of Return of Capital Adequacy Ratio (MA(BS)3). The revised "Introduction" is enclosed in Annex 2 of the circular for reference.

    An authorized institution that is ready to comply with the Banking (Exposure Limits) Rules (BELR) should start to use form MA(BS)28 for reporting purposes, beginning from the period of end-September 2019. The authorized institution that is not yet ready may still use the old return form MA(BS)1D for reporting during the grace period allowed under the BELR; however, the institution but must switch to using MA(BS)28 starting from the reporting position of end-March 2020. 

    The circular also highlights that the “Introduction” part of the Completion Instructions of MA(BS)3 has been revised incidental to the introduction of a risk-weighted amount for sovereign concentration risk in the capital adequacy ratio calculation. This part only provides for an overview of the return and reporting requirements and, therefore, the changes should not entail any real reporting impact. HKMA has also published Return of Certificate of Compliance (MA(BS)1F), MA(BS)3, and their accompanying completion instructions.

     

    Keywords: Asia Pacific, Hong Kong, Banking, Large Exposures, Reporting, CAR Return, BELR, Capital Adequacy, Basel III, HKMA

    Featured Experts
    Related Articles
    News

    APRA Issues Operational Risk Rules, Consults on Reporting Requirements

    APRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.

    December 11, 2019 WebPage Regulatory News
    News

    APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%

    APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.

    December 11, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting by Banks

    EBA published a revised list of validation rules in its implementing technical standards on supervisory reporting.

    December 10, 2019 WebPage Regulatory News
    News

    SRB Holds Annual Conference, Reflects on Turning Policy into Action

    SRB published a report on its fourth annual conference that was held on October 10, 2019 in Brussels.

    December 10, 2019 WebPage Regulatory News
    News

    FED Extends Consultation Period for Capital Requirements for Insurers

    FED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.

    December 10, 2019 WebPage Regulatory News
    News

    OSFI Sets Domestic Stability Buffer Level at 2.25%

    OSFI has set the Domestic Stability Buffer, or DSB, at 2.25% of total risk-weighted assets, with effect from April 30, 2020.

    December 10, 2019 WebPage Regulatory News
    News

    FSB Examines Financial Stability Aspects of Bigtech and Cloud Services

    FSB published two reports that consider the financial stability implications from the offering of financial services by bigtech firms and the adoption of cloud computing and data services across a range of functions at financial institutions.

    December 09, 2019 WebPage Regulatory News
    News

    HKMA Proposes Changes to Module on Supervision of Concentration Risk

    HKMA issued a circular proposing revisions to the Supervisory Policy Manual module CR-L-1 on consolidated supervision of concentration risks under the Banking (Exposure Limits) Rules (BELR) Rule 6.

    December 09, 2019 WebPage Regulatory News
    News

    BoE Updates XBRL Filing Manual for Reporting Under Solvency II

    BoE has updated the XBRL filing manual (to Version 5.0) to help firms and software vendors create XBRL instance documents for Solvency II Pillar 3 and BoE Insurance reporting.

    December 09, 2019 WebPage Regulatory News
    News

    APRA Specifies Capital Treatment of Equity Investments in ABGF

    APRA published a letter to the authorized deposit-taking institutions outlining the regulatory capital treatment of their equity investments in the Australian Business Growth Fund (ABGF).

    December 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4301