Hong Kong
HKMA Issues New SPM Modules on Market and CVA risk: MR-1 and MR-2
On March 15, 2024, HKMA issued supervisory policy manual (SPM) modules related to market risk & credit valuation adjustment (CVA) risk. The HKMA announced that the revised capital frameworks for market risk and CVA risk are intended to come into effect on January 1, 2025. The two new SPM modules MR-1 and MR-2 are available online on the HKMA’s public website.
Australia
APRA Publishes D2A Taxonomy Changes
On March 21, 2024, APRA published taxonomy changes to ABS/RBA forms to align with Economic and Financial Statistics (EFS) reporting standards and guidance released earlier this year. The taxonomy changes to the ABS/RBA forms are intended to come into effect on June 1, 2024.