On 20 Dec 2024, the HKMA revised SPM module CA-B-3 and return form MA(BS)25 for CCyB reporting to reflect consequential changes from the Banking (Capital) (Amendment) Rules 2023, incorporating updated market risk framework approaches and clarifications on output floor and CVA risk relevance. Reporting institutions must use the revised form for data as of 31 March 2025 via the STET system.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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Introduction
On 20 Dec 2024, the Hong Kong Monetary Authority (HKMA) issued revised statutory guidance and reporting requirements for the Countercyclical Capital Buffer (CCyB) framework, reflecting consequential amendments arising from the Banking (Capital) (Amendment) Rules 2023.
Revised SPM Module and Reporting Form
The HKMA revised SPM module CA-B-3 'Countercyclical Capital Buffer (CCyB) — Geographic Allocation of Private Sector Credit Exposures' as statutory guidance under section 7(3) of the Banking Ordinance, and updated return form MA(BS)25 for 'Quarterly Reporting on the Countercyclical Capital Buffer (CCyB)'. These revisions incorporate consequential changes from the Banking (Capital) (Amendment) Rules 2023, including adoption of new approaches under the revised market risk framework and clarifications on the relevance of the output floor and credit valuation adjustment (CVA) risk in CCyB calculations.
Implementation and Access
The revised SPM module and return form MA(BS)25 are effective for reporting positions as of 31 March 2025. Reporting institutions must submit the revised return via the STET system using the associated completion instructions. The updated SPM module is available on the HKMA's public website and Supervisory Communication Website, while the STET software for the revised return is accessible on the Supervisory Communication Website.
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