HKMA Revised LAC Disclosure Template

On Oct. 24, HKMA revised standard LAC disclosure template.

  • HKMA revised standard loss-absorbing capacity (LAC) disclosure template, template CCA(A), after consulting with two industry associations; align with changes in revised Table CCA under the Banking (disclosure) rules, aiming to provide greater clarity.
  • Follows HKMA Oct. 2019 published standard LAC disclosure templates, see #66994.
  • Also follows HKMA Feb. 2024 loss-absorbing capacity requirements report, #200646.
  • Follows HKMA Apr. 2024 proposed to revise bank disclosure guidelines, see #207807.
  • Revision
  • Resolution entities and material subsidiaries must use the revised template CCA(A) for disclosures for reporting periods ending on or after the effective date.
  • Also updated Code of practice chapter LAC-1 resolution planning – LAC requirements.
  • The updated Code of Practice removes outdated references and provides further considerations related to the indicative threshold for LAC requirements.
  • Effectiveness
  • The revised template will be effective from Jan. 1, 2025.

Regulators HKMA
Entity Types Bank; BHC; SIFI
Reference Gd B9/213/3C-241024, 10/24/2024
Functions Accounting; Actuarial and Valuation; Audit; Compliance; Financial; Operations; Reporting; Resolution; Risk; Treasury
Countries Hong Kong
Category
State
Products Banking; Equity; Fixed Income; Securities
Regions AP
Rule Type Final
Rule Date 10/24/2024
Effective Date 1/1/2025
Rule Id 230890
Linked to Rule :66994
Reg. Last Update 10/24/2024
Report Section International

Last substantive update on 10/28/2024