The Hong Kong Monetary Authority on Thursday released a draft of the Banking (Capital) Rules for public consultation.
They are scheduled to come into effect in January, and are the implementing Rules for Basel II, the new international standard for banks' capital adequacy.
The proposals set out in detail the different approaches that can be adopted for calculating the capital charge for credit, market and operational risks.
They will be issued under a new rule-making power provided under the Banking (Amendment) Ordinance 2005, and will replace the current regulatory capital regime set out in the third schedule to the Banking Ordinance.
The consultation on the draft rules will end on September 2, and a similar consultation will soon be undertaken on the Banking (Disclosure) Rules.
The full text of the HKMA Capital Adequacy consultation can be found in the Tax News Resources section.
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