HKMA to amend their BCAR 2020 to include SACCR

April 14, 2020 – The Hong Kong Monetary Authority (HKMA) has announced that they are amending their Banking (Capital) (Amendment) Rules 2020 (BCAR) to include Standardised Approach to Counterparty Credit Risk (SACCR) Reporting and it will commence on June 30, 2021.

This will introduce a new capital reporting requirement for banks in Hong Kong in 2021.

For more information, please visit HKMA.

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