Hong Kong warns banks on capital and disclosure compliance
The Hong Kong Monetary Authority (HKMA) has reminded banks they must demonstrate compliance with rules introduced this year.
The sections in question cover:
• individual internal-ratings based, or market risk, approaches;
• some ongoing compliance matters;
• some preferential or non-standard treatments not requiring a formal application and approval process under the rules.
The HKMA has prepared an annex, which lists the relevant sections.
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