Large exposures are defined as exposures equal to or higher than 10 percent of the Tier 1 capital, double the previous 5 percent threshold.
April 26, 2022The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.
March 11, 2022The IMF says Hong Kong authorities should strengthen analysis of Mainland-related credit risks, and ensure internal models used by local banks are sufficiently forward-looking.
March 10, 2022Effective from 28 March, RMOs will have to hold at least 25 percent of their annual operating costs in cash and cash equivalents.
March 2, 2022Preferential treatment in place since 2018 has been extended to mainland insurers that issue catastrophe bonds in the Hong Kong market.
February 28, 2022Hong Kong banks' exposures to the mainland property market warrant continued close monitoring and periodic stress testing.
January 24, 2022The findings reinforce the need for banks to continue to build capital and replace Tier 2 instruments that will cease to be compliant under the new rules on bank capital.
December 8, 2021The move will improve China's short-selling mechanism, which will decrease market volatility, improve price discovery, reduce market risk, and create additional income for insurers.
December 8, 2021Requirements on the perpetual bond issuance have been revised and credit rating requirements for bond investments have been eased.
November 30, 2021The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.
October 6, 2021