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
Previous ArticleIMF Publishes Reports on 2019 Article IV Consultation with Qatar
EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.
OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.
MAS updated rules for new housing loans by banks and finance companies.