The Hong Kong Monetary Authority (HKMA) has issued a circular to announce that it will leave the countercyclical capital buffer (CCyB) for Hong Kong at 1.00% for the time being. The decision follows a careful analysis of global and local economic conditions.
In this context, the HKMA notes that – although quantitative indicators suggest well-contained overheating risks in Hong Kong – increased uncertainties in the global environment remain. Considering the planned transition to a positive neutral CCyB of 1% in 2024, it is deemed appropriate to maintain the current CCyB ratio for now. However, the HKMA will continue to closely monitor macroeconomic factors and adjust the CCyB at short notice, if so needed.
Other Features
banks
Basel III
leverage
own funds
Date Published: 2023-11-03
Regulatory Framework: Banking Ordinance
Regulatory Type: circular
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