Proposals for rules on contractual stays on termination rights in financial contracts for authorized institutions issued for consultation (with the consultation period running to 22 March 2020)
The HKMA issued a letter on 6 May 2019 to consult the banking industry on the proposed revisions to the SPM module CG-5 "Guideline on a Sound Remuneration System".
The HKMA issued a letter on 18 January 2019 to consult the banking industry on some proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on Capital requirements for banks’ equity investments in funds in Hong Kong. Subject to the outcome of the consultation and the subsequent legislative process for rule-making, the HKMA is aiming to implement the above standard sometime in 2020 (e.g. H1 2020).
Draft FIRO Code of Practice chapter on Resolution Planning - LAC Requirements issued for industry consultation (with the consultation period running to 3 December 2018)
The HKMA issued a letter on 10 August 2018 to consult the banking industry on the proposed draft amendments to the Banking (Capital) Rules to implement the standardised approach for measuring counterparty credit risk exposures and the capital requirements for bank exposures to central counterparties in Hong Kong. Subject to the outcome of the consultation and the subsequent legislative process for rule-making, the HKMA is aiming to implement the above standards sometime within 2020 (e.g. H1 2020).
The HKMA issued a letter dated 6 Oct 2017 to consult the banking industry on implementation of Pillar 3 disclosure requirements – consolidated and enhanced framework in Hong Kong. The consultation is scheduled to close on 6 November 2017.
The HKMA issued a letter dated 11 Aug 2017 to consult the banking industry on revisions to regulatory reporting in the context of HKFRS 9 implementation. In addition to HKFRS 9 related amendments, a few other miscellaneous amendments have been incorporated to enhance clarity of the existing reporting requirements. Proposed revisions are highlighted in the attachments below. The consultation is scheduled to close on 15 Sept 2017.
The HKMA issued a letter dated 22 June 2017 to consult the banking industry on implementation of the Interest Rate Risk in the Banking Book (IRRBB). The consultation is scheduled to close on 11 August 2017.
The HKMA issued a letter dated 13 Apr 2017 to consult the banking industry on implementation of Basel III leverage ratio framework in Hong Kong. The consultation is scheduled to close on 15 May 2017
The HKMA issued a letter dated 31 March 2017 to consult the banking industry on implementation of Basel interim standard relating to the regulatory treatment of provisions under HKFRS 9. The consultation is scheduled to close on 2 May 2017.
The HKMA issued a letter dated 18 August 2016 to consult the banking industry on a draft set of disclosure templates and tables that authorized institutions are required to follow in making disclosure under the Revised Pillar 3 Disclosure Requirements released by the Basel Committee on Banking Supervision in January 2015 ("2015 package"). This relates to our consultation paper (CP 15.03) released on 17 December 2015 on our policy proposals for implementing the 2015 package. The consultation is scheduled to close on 18 October 2016.Consultation on Implementation of Revised
The HKMA issued a letter dated 17 December 2015 to consult the banking industry on Implementation of Revised Pillar 3 Disclosure Requirements. The consultation is scheduled to close on 17 February 2016.
The HKMA issued a letter dated 22 September 2015 to consult the banking industry on certain changes to the Return of Capital Adequacy Ratio (Form MA(BS)3)) covering those associated with implementation of the Basel III Capital Buffer Requirements in Hong Kong in 2016. The consultation is scheduled to close in October 2015.
