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93.7799

Implementation of Basel III in
Hong Kong

The Basel Committee on Banking Supervision (BCBS), of which the HKMA is a member, develops guidelines and supervisory standards to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. A key element of the BCBS' work is Basel II, a global regulatory standard on bank capital adequacy, which was implemented in Hong Kong on 1 January 2007. Following the release of the enhancements to Basel II in July 2009, the BCBS issued the Basel III package introducing further reforms to the Basel II capital adequacy framework and new standards for bank funding liquidity in December 2010. The objective of Basel III is to improve the banking sector's ability to absorb shocks arising from financial and economic stress in the future.

The BCBS expects its member jurisdictions to begin the implementation of Basel III from 1 January 2013 in phases, with full implementation by 1 January 2019. It is HKMA's current intention to implement Basel III in Hong Kong in accordance with the BCBS' timetable, including the transitional arrangements.

Basel III

DateTitle
20 Jan 2017

Consultation on Implementation of Revised Securitisation Framework

25 Nov 2016

Supervisory Policy Manual (SPM): LM-2 “Sound Systems and Controls for Liquidity Risk Management”

4 Nov 2016

Consultation on Local Implementation of Net Stable Funding Ratio  (PDF File, 666KB)

18 Aug 2016

Consultation on Revised Pillar 3 Disclosure Requirements Standard Templates and Tables

29 Jul 2016

Supervisory Policy Manual (SPM): LM-1 “Regulatory Framework for Supervision of Liquidity Risk”

2 June 2016

Supervisory Policy Manual (SPM) : Consultation on revised module LM-1 on "Regulatory Framework for Supervision of Liquidity Risk"

1 June 2016

Supervisory Policy Manual (SPM): Consultation on revised module LM-2 on "Sound Systems and Controls for Liquidity Risk Management"

13 Apr 2016

Frequently asked questions on the Basel III leverage ratio framework (PDF File, 62KB)

29 Mar 2016

Basel III Implementation – Countercyclical Capital Buffer Ratio Standard Disclosure Template

16 Mar 2016

Supervisory Policy Manual (SPM) : Consultation on revised module LM-1 on "Regulatory Framework for Supervision of Liquidity Risk"

19 Feb 2016

Basel III implementation – Countercyclical Capital Buffer (“CCyB”) Ratio Standard Disclosure Template

17 Dec 2015

Consultation on Implementation of Revised Pillar 3 Disclosure Requirements

13 Oct 2015

Consultation on implementation of Basel standards relating to counterparty credit risk and banks' equity investment in funds

25 Sep 2015

Supervisory Policy Manual (SPM) CA-B-3 "Countercyclical Capital Buffer (CCyB) – Geographic Allocation of Private Sector Credit Exposures"

22 Sep 2015

Consultation on Regulatory Reporting for the Implementation of the Basel III Capital Buffer Requirements

20 Jul 2015 

Frequently asked questions on the Basel III leverage ratio framework (PDF File, 69KB)

3 Jun 2015

Return on Liquidity Monitoring Tools (Form MA(BS)23)

23 Apr 2015

Basel III Implementation - Leverage Ratio ("LR") Standard Disclosure Templates

18 Feb 2015

New Supervisory Policy Manual (SPM) Module CA-B-2: Systemically Important Banks

6 Feb 2015

Basel III Implementation – Standard Template for Disclosures in Relation to Liquidity Coverage Ratio (“LCR”) (PDF File, 363KB)

6 Feb 2015

Implementation of Basel III (PDF File, 118KB)

30 Jan 2015

Consultation on Leverage Ratio Standard Disclosure Templates

27 Jan 2015

Supervisory Policy Manual (SPM) CA-B-1 "Countercyclical Capital Buffer (CCyB) – Approach to its Implementation"

15 Jan 2015

Consultation on Liquidity Coverage Ratio ("LCR") Standard Disclosure Template

31 Dec 2014

Implementation guidance on Banking (Capital) Rules and Banking (Disclosure) Rules

24 Dec 2014

Banking (Disclosure) (Amendment) Rules 2014 (PDF File, 700KB)

24 Dec 2014

Banking (Liquidity Coverage Ratio - Calculation of Total Net Cash Outflows) Code (PDF File, 576KB)

14 Nov 2014

Consultation on draft Banking (Disclosure) (Amendment) Rules 2014

12 Nov 2014

Consultation on Supervisory Policy Manual (SPM) "Countercyclical Capital Buffer (CCyB) - Geographic Allocation of Private Sector Credit Exposures"

29 Oct 2014

Consultation on Basel III implementation - Disclosure Requirements

24 Oct 2014

Banking (Liquidity) Rules (PDF File, 1.8MB)

24 Oct 2014

Banking (Capital) (Amendment) Rules 2014 (PDF File, 584KB)

22 Oct 2014

Consultation on Return of Information for Assessment of Systemically Important Authorized Institutions (SIBs)

8 Oct 2014

Consultation on draft Supervisory Policy Manual (SPM) module "Systemically Important Banks"

15 Sep 2014

Consultation on Reporting of Liquidity Coverage Ratio under Return MA(BS)1E

15 Aug 2014

Consultation on draft Banking (Liquidity) Rules and related Code of Practice

14 Aug 2014

Consultation on Supervisory Policy Manual (SPM) "Approach to Implementing the Countercyclical Capital Buffer (CCyB)"

11 Aug 2014

Consultation on draft Banking (Capital) (Amendment) Rules 2014

9 May 2014

Basel III implementation - Leverage Ratio

30 Apr 2014

Consultation on returns for reporting of Liquidity Maintenance Ratio and liquidity monitoring tools

24 Mar 2014

Consultation on a Framework for Systemically Important Banks in Hong Kong

21 Mar 2014

Basel III implementation - Leverage Ratio

18 Dec 2013

Basel III implementation - Leverage Ratio

25 Oct 2013

Basel III implementation - Leverage Ratio

30 Sep 2013

Recognition of External Credit Assessment Institutions (Revised) (PDF File, 147KB)

4 Sep 2013

Basel III implementation - Frequently Asked Questions ("FAQs") (PDF File, 144KB)

19 Aug 2013

Basel III Implementation – Standard Templates for Disclosures in Relation to Regulatory Capital (PDF File, 508KB)
Annex 1 - Capital Disclosures Template (Excel File, 52KB)
Annex 1 - Capital Disclosures Template – Explanatory Note (PDF File, 95KB)
Annex 2 - Transition Disclosures Template (Excel File, 58KB)
Annex 2 - Transition Disclosures Template - Explanatory Note (PDF File, 23KB)
Annex 3 - Main Features Template (Excel File, 27KB)
Annex 3 - Main Features Template - Explanatory Note (PDF File, 33KB)
Annex 4 - Illustration of the 3-Step Approach to Balance Sheet Reconciliation (PDF File, 63KB)

12 Jul 2013

Consultation on Implementation of Basel III Liquidity Standards

24 Jun 2013

Implementation of Basel III: Revision of Capital Adequacy Ratio Return (PDF File, 40KB)

7 Jun 2013

Consultation on Basel III Implementation - Disclosure Requirements

12 Apr 2013

Banking (Capital) (Amendment) Rules 2013 (PDF File, 449KB)

12 Apr 2013

Banking (Disclosure) (Amendment) Rules 2013 (PDF File, 439KB)

10 Apr 2013

Implementation of Basel III: Revision of Capital Adequacy Ratio Return (PDF File, 54KB)

4 Mar 2013

Consultation on draft Banking (Capital) (Amendment) Rules 2013

30 Jan 2013

Proposed refinements to the Banking (Capital) Rules

17 Jan 2013

Basel III: Revisions to Liquidity Coverage Ratio (LCR)

27 Nov 2012

Consultation on draft Banking (Disclosure) (Amendment) Rules 2013

19 Oct 2012

Banking (Capital) (Amendment) Rules 2012 (PDF File, 811KB)

10 Aug 2012

Consultation on draft Banking (Capital) (Amendment) Rules 2012

29 Jun 2012

Consultation on Basel III Implementation - Disclosure Requirements

18 Jun 2012

Consultation on Basel III Implementation

20 Jan 2012

Consultation on Basel III Implementation

9 Dec 2011

Banking (Amendment) Bill 2011 (PDF File, 148KB)

26 Jan 2011

Implementation of Basel III in Hong Kong (PDF File, 500KB)


Basel Committee's Papers

Basel II Enhancements (Effective from 1 January 2012)

DateTitle
21 Oct 2011 Banking (Capital) (Amendment) Rules 2011 (PDF File, 516KB)

21 Oct 2011 Banking (Disclosure) (Amendment) Rules 2011 (PDF File, 108KB)

11 Aug 2011 Consultation on draft Banking (Disclosure) (Amendment) Rules 2011

2 Aug 2011 Consultation on draft Banking (Capital) (Amendment) Rules 2011

12 May 2011 Preliminary Consultation on draft amendments to the Banking (Capital) Rules and the Banking (Disclosure) Rules

26 Aug 2010 Basel Committee's Adjustments to Basel II Market Risk Framework and Additional Amendments to Banking (Capital) Rules (BCR) to address Implementation Issues

19 Mar 2010 Implementation of Enhancements to the Basel II Framework
(including HKMA's response to comments received from industry consultation)

29 Sep 2009 Implementation of Enhancements to the Basel II Framework
(including HKMA's consultative implementation proposals)

20 Jan 2009 Consultative documents: Enhancements to the Basel II Framework, including the capital regime for trading book positions

Basel Committee's Papers

Basel II (Effective from 1 January 2007)

Banking (Capital) Rules

Banking (Disclosure) Rules

"Supervisory Review Process" under Pillar 2 (PDF File, 691KB)

Briefings to the Panel on Financial Affairs of the Legislative Council

Last revision date: 20 January 2017
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