On 21 Jul 2025, the HKMA published revised Chapter IV of its Supplementary Guidance on the Revised Credit Risk Framework to align with the updated Supervisory Policy Manual module CA-G-4, incorporating clarifications to validation requirements and strengthening alignment with the Basel Framework.
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Revised Supplementary Guidance on Credit Risk Framework
On 21 Jul 2025, the Hong Kong Monetary Authority (HKMA) issued a revised version of Chapter IV of the 'Supplementary Guidance on the Revised Credit Risk Framework' to reflect updates to the Supervisory Policy Manual module CA-G-4 on 'Validating Risk Rating Systems under the IRB Approach', gazetted on 18 July 2025. The revision incorporates clarifications to regulatory requirements and supervisory expectations, and enhances alignment with the Basel Framework.
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