Guideline on the Application of the Banking (Disclosure) Rules
In response to a recent industry investigation regarding the expectation that foreign-registered registered registered establishments conduct an internal review of the information to be provided in accordance with section 12.3 of the Guideline prior to publication, the HKMA confirmed that such a practice can be adopted as soon as possible, preferably at the latest when it publishes information regarding the reporting period, which ends on or after 31 December. 2019. The HKMA has published a revised version of the Supervisory Policy Manual CA-D-1 on the Banking (Information) Enforcement Directive. The module has mainly been revised to provide updated design guidelines for the application of the RLO, which have been significantly modified since 2017 to incorporate the first two phases of the Basel-revised Pillar 3 framework. This is a non-statutory directive issued by the HKMA as an indication. Home > Asia > Banking > Hong Kong Monetary Authority: Revised Guideline on the Application of the Banking (Disclosure) Rules following the implementation of the Basel III Framework Standards The Financial Conduct Authority (FCA) has issued two policy statements PS21/23 and PS21/24, in which the final rules and guidelines for climate reporting for listed companies and asset managers, life insurers and pension providers. The policy is a non-legal directive and was issued after consultation with the Hong Kong Banking Association and the Hong Kong DTC Association (the representative association of banks and restricted licensed deposit companies). It applies to all approved establishments (IA). The European Insurance and Occupational Pensions Authority (EIOPA) has revised the Guidelines on the Legal Entity Identifier (LEI) and expects national competent authorities to apply these revised Guidelines from 1 July 2022. The UK Government has published Regulatory Instrument No 1461, which implements the amendment to Commission Implementing Regulation (EU) 2018/151 on Networks and Information Systems (Exit from the EU) (amendment) Regulations 2021.
The Australian Prudential Regulation Authority (APRA) has published a background paper on the countercyclical capital buffer for banks in Canada. The European Banking Authority (EBA) has published the final draft of implementing technical standards for prudential reporting on common information (COREP), encumbered assets, global systemically important institutions (G-SIIs) and supplementary liquidity supervision measures (MDAs). The European Systemic Risk Board (ESRB) has published a report on the usability of banks` capital buffers. The Office of the Superintendent of Financial Institutions (OSFI) recently confirmed that the minimum rate for uninsured mortgages will remain the higher rate on mortgage contracts plus 2.00% or 5.25%. HKMA`S PRESS RELEASE and revised policy are available here. Notable changes from the predecessor to the 2007 guideline include: The Board of Governors of the Federal Reserve System (FED) updated the form and instructions for the annual capital valuation and stress test report (FR Y-14A), as well as the reporting instructions for quarterly data collection FR Y-14Q. The European Central Bank (ECB) has decided not to extend the liquidity relief measure, which has allowed banks to operate with a liquidity coverage ratio of less than 100%, beyond December 2021 and expects all banks to maintain a ratio above 100% from 1 January 2022. [1] Published by the Basel Committee on Banking Supervision The disclosure requirements applicable to authorised institutions (IA) are essentially governed by banking rules (BDR) issued by the Monetary Authority (MA) in accordance with Article 60A of the Banking Ordinance. All AIs, with the exception of exempt banks and smaller banks, must comply with disclosure requirements. Module CA-D-1 of the Supervisory Policy Manual (SPM) “Guidelines for the Application of Banking (Disclosure) Rules” provides guidance on the interpretation of certain provisions of the RLO. The European Banking Authority (EBA) has launched a consultation on the amendment of the Implementing Regulation (2016/2070) to assess internal approaches to credit and market risks by 2023; Instructions on how to complete the related templates accompany this consultation, which closes on February 18, 2022. In addition, AIs are required to use the standard templates specified by the licensing authority in accordance with Articles 6(1)(ab) and 88(1)(b) of the BDR to provide information related to the Basel regulatory standards to promote the relevance, consistency and comparability of information to be provided by users between banks in all jurisdictions.
The 6. In August 2015, the Hong Kong Monetary Authority (HKMA) published an updated version of supervisory manual CA-D-1: Guidelines on the application of banking (disclosure) rules (guidelines). The revised guideline reflects changes to banking rules (disclosure) (Cap. 155M) in light of the implementation of the Basel III Framework Standards[1] in Hong Kong. The updated banking (disclosure) rules came into effect on March 31, 2015. HKMA revises guidelines on the application of bank disclosure rules Keywords: Asia Pacific, Hong Kong, banks, BDR, disclosure, supervisory guide, pillar 3, Basel III, banking regulation, HKMA. . .
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