Hong Kong
Hong Kong SAR Government Publishes the Banking (Exposure Limits) Rules
On April 3, 2024, Hong Kong SAR Government published the Banking (exposure limits) rules, effective April 1st, 2024. Provisions that are considered significant to ensuring effective operation of the rules have been updated.
Australia
Minor Updates to Prudential Framework for ADIs and Insurers
On April 4, 2024, APRA released consultation on proposed minor amendments to the prudential framework (APS 111 Capital adequacy: measurement of capital (ADIs); APS 220 Credit risk management; APG 210 Liquidity; APS 330 Public disclosure (Jan. 2025); GPS 310 Audit and related matters; HPS 112 Capital adequacy: measurement of capital; LPS 112 Capital adequacy: measurement of capital; and LPS 117 Capital adequacy: asset concentration risk charge) for authorised deposit-taking institutions and insurers. The changes are technical clarifications. There is no material change in policy settings. APRA is seeking feedback on the proposed changes to the prudential framework & submissions are open until May 3, 2024.