Basel III Final Reform Package – New and Amended Codes of Practice

The Hong Kong Monetary Authority announced that as part of the Basel III final reform implementation, three updated regulatory codes were published in the Gazette and will take effect on 1 January 2025. These include the new Banking (Capital) (Operational Risk) Code, the amended Banking (Exposure Limits) Code, and the amended Banking (Liquidity Coverage Ratio – Calculation of Total Net Cash Outflows) Code.

Resources: https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2024/20241206e1.pdf