HKMA finalises policy on ECAIs for Basel II
Fitch Ratings, Moody’s, Standard & Poor’s and Rating and Investment Information are among the ECAIs in the assessed list, which can be used by financial institutions to assign risk weights for exposures to sovereigns, banks and securities firms. Unsolicited and solicited ratings will receive equal treatment under HKMA capital rules.
Under the guidelines, authorised institutions that intend to adopt the standardised approach may now begin to nominate ECAIs, provided they alert the HKMA of their
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