New paper provides analysis in support of the removal of the 3bp PD floor set by the BCBS under the internal models approach for FRTB.
December 7, 2022The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.
August 8, 2021The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.
October 29, 2020Data has never been more essential to making informed decisions, particularly in private markets where internal data at financial institutions is typically thin.
June 3, 2020IRB AIs should seek the HKMA's exemption approval to apply the standardised approach for SME loans granted under the 100% Guarantee Scheme.
April 7, 2020Enhanced disclosure guidelines will require rating agencies to disclose default probabilities, factors that can impact ratings, and issuers' liquidity positions.
June 17, 2019