HK releases liquidity requirements for banks
Monday 4 April 2011 - by Nicola York
Hong Kong is to adopt a phased in approach to enhancing its liquidity regime to comply with new global standards and has issued statutory guidelines to HK banks.
Institutions will be expected to upgrade their existing systems and controls to meet the new standards "as soon as is practicable" and will be allowed to agree an implementation plan with the HKMA within four months, and a grace period of up to 12 months.
But they will be given a longer period to implement the liquidity cushion requirements, with the implementation date to be announced later this year.
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