HKMA Regulatory Reporting

One of the lessons learned from the global financial crisis that began in 2007 was that financial institutions’ data was inadequate to support the management of financial risks. In recent years, regulatory initiatives have attempted to improve supervision and risk management by collecting more granular and timely data, as well as by incorporating more forward-looking information in financial and regulatory reporting. Indeed, regulatory reporting helps to establish an Authorized Institution’s (“AI”) risk profile and to provide alerts on vulnerability to severe and plausible events. 

In Hong Kong, all AIs have to submit statistics and information to the Hong Kong Monetary Authority (“HKMA”) for statistical and prudential supervision purposes, as part of their fulfilment of their regulatory requirements under the Banking Ordinance (“BO”). 

The regulatory reporting is of great importance as it helps improve your risk management and mitigate your reputational risk. At Mazars Hong Kong, we offer a wide range of services to support you in enhancing or reviewing your HKMA regulatory reporting.

Download the brochure and feel free to contact our Financial Services team.