Hong Kong
HKMA Consultation on Revised Credit Risk Supplementary Guidance
On April 22, 2024, HKMA issued a letter to consult the banking industry on some updated and expanded supplementary guidance to reflect the revised credit risk framework under the Banking (Capital) (Amendment) Rules 2023. The questions and answers (Q&A) relate to ECAI ratings for the purposes of the BCR, STC approach, IRB approach, and Counterparty Credit Risk. HKMA is seeking feedback on the proposed consultation and submissions are open until May 21, 2024.