trending Market Intelligence /marketintelligence/en/news-insights/trending/1RwwBpcq4PsMWJcIoo5iQw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Hong Kong cuts banks' required capital buffers

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Hong Kong cuts banks' required capital buffers

The Hong Kong Monetary Authority slashed the countercyclical capital buffer for banks to 2.0% from 2.5%, effective immediately, to help prop up the economy amid months of social unrest.

HKMA Chief Executive Eddie Yue said Oct. 14 that the decision would allow banks to release an additional HK$200 billion to HK$300 billion in bank credit, which he hopes would be used to support small and midsize enterprises.

Yue said Hong Kong's economic environment has "deteriorated significantly" since June. Allowing banks to release more liquidity would help mitigate the economic cycle, he added.

The decision follows a report that the regulator and local banks are considering measures to aid small businesses hit by ongoing protests in the city.

Meanwhile, Yue reiterated that the city's "banking system is robust and sound," and is "well positioned to withstand market shocks." He made the comments to address what he called "vicious" rumors about Hong Kong's monetary and financial stability.