Hong Kong regulator to allow foreign currency liquid assets to make up LCR shortfall
The Hong Kong Monetary Authority (HKMA) has indicated it will allow Hong Kong banks to use foreign currency liquid assets to meet the requirements of the Basel III liquidity coverage ratio (LCR), given that both sovereign and local currency denominated high-grade corporate debt is in short supply in the Special Administrative Region.
Under the LCR, banks need to have enough high-quality, liquid assets to meet at least 30 days of their net cash outflows under a stress scenario. There are two
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net