Hong Kong Monetary Authority

Capital / Liquidity

Hong Kong Gazettes Banking Rule Amendments to Implement SA-CCR

By Editors | 25/04/2020

The final Basel III standards on SA-CCR and on capital requirements for CCP exposures will come into operation in Hong Kong on 30 June 2021, subject to negative vetting.

Market Infrastructure

HKMA Survey Highlights LIBOR Transition Challenges

By Editors | 23/04/2020

About HK$1.4tr in assets, HK$0.5tr in liabilities, and HK$14.7tr in derivatives still referencing LIBOR will mature after end-2021 and don’t have fallbacks in place.

Capital / Liquidity

Banks Sufficiently Capitalised to Pay Dividend, says RBA Governor

By Manesh Samtani | 22/04/2020

Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.

Capital / Liquidity

HKMA Introduces USD Facility, Postpones Supervisory Stress Tests

By Manesh Samtani | 22/04/2020

$10bn will be available to banks under the USD liquidity facility. The stress tests are being postponed to 2021 to free up banks’ operational capacity.

Capital / Liquidity

Hong Kong’s Banking Exposure Limit Rules: Implementation Challenges

By Gregory Achache | 21/04/2020

Many banks have merely instituted stopgap measures and temporary manual solutions to comply with BELR so far, say Synpulse’s Gregory Achache and Tim Alvner.

HKMA, Banks to Launch Debt Payment Holiday Scheme for Corporates

By Editors | 18/04/2020

All corporate customers with annual turnover under HK$800mn and with no outstanding loan payments more than 30 days overdue are eligible for the principal payment holiday.

Hong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch

By Editors | 17/04/2020

Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.

Capital / Liquidity

HKMA Reduces AIs’ Regulatory Reserve Requirement

By Editors | 08/04/2020

The regulatory reserve release should be used to support customers impacted by Covid-19, and not to distribute dividends, buy back shares or pay bonuses.

AML / KYC

HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges

By Editors | 07/04/2020

AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.