The HKMA has released Questions and Answers (Q&As) regarding the revised market risk and CVA risk capital frameworks under the Banking (Capital) Rules (BCR), as amended by the Banking (Capital) (Amendment) Rules 2023 (BCAR). These Q&As aim to simplify and clarify the application of the amended rules but should not replace reading the BCR or seeking legal and professional advice. Updates will be provided as needed to address common issues or incorporate further Basel Committee guidance. Authorized Institutions (AIs) are encouraged to submit any questions for additional clarification.
Resources: https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2024/20240813e1.pdf