tied to private reporting. banks will have the opportunity to review their own dashboard data prior to publication, as well as providing commentary. the reserve bank will process all corrections to private reporting before publication of the dashboard. in addition, banks will be able to correct their dashboard data after publication has occurred. these revisions will be made transparent in order to support market discipline. we are finalising web page development for the dashboard and release is currently planned for late may using banks ’ data for q1 2018. there will be an awareness campaign to promote the dashboard as a user - friendly, authoritative and reliable source of information. all banks, including branches will still be subject to half and full year disclosure requirements and the associated director attestation process. the reserve bank will be making technical amendments to the half and full year disclosure requirements so they align with the quarterly information provided in the dashboard. improving bank reporting of regulatory capital 6 / 11 bis central bankers'speeches current disclosure requirements include information on regulatory capital. banks must provide information on their capital ratio which includes a risk - adjusted measure of banks ’ assets ( riskweighted assets ). new zealand banks use either a standardised approach to risk - weights ( prescribed by the reserve bank ), or an approach based on internal modelling and various regulatory formula ( currently used by the big - 4 banks ). the calculations are crucial to understanding banks ’ exposures and financial strength but can be difficult to evaluate. the standardised approach for the calculation of risk - weights is inherently more transparent to the public than the customisation of internal models. even for the reserve bank, which has access to banks ’ modelling documentation and regularly meets with the big - 4 banks ’ modelling teams, it is sometimes unclear how risk - weights have been arrived at. the reserve bank is currently reviewing capital requirements for locally incorporated banks, including the disclosure of risk - weighted asset data. it is our view that improvements to their transparency can be made, and we are consulting on this and any associated costs that may arise. in the december 2017 consultation document ( pdf 1mb ), and broadly consistent with recent basel guidance, the reserve bank is proposing an option that would require the big - 4 banks to disclose capital ratios under both the internal models and standardised approaches – so - called ‘ dual reporting ’. the reserve bank hopes that as a result of dual reporting internal models banks will provide more public explanation of the reason for any marked variation between their internal models measure and the standardised calculation, as well as

eddie yue : remarks at media standup remarks by mr eddie yue, chief executive of the hong kong monetary authority, at media standup, hong kong, 2 october 2019. * * * ladies and gentlemen, 1. today is my first working day as the chief executive of the hkma. apart from the transition to a new position, i will also be faced with a challenging external and domestic environment. this includes the weakening of global economic momentum, uncertainties over the chinaus trade conflict and brexit, unpredictable monetary policy stance across central banks especially in the us, and the social events in hong kong in recent months. all these have presented huge challenges and uncertainties for the hong kong economy. 2. our key priority in the next few years is to maintain hong kong ’ s monetary and financial stability. 3. and, the foundation for this stability is the linked exchange rate system ( “ the link ” ), which has helped hong kong weather different financial storms since 1983. i ’ ve been involved in the operation of the link throughout my career in the hkma and i have also gone through two financial crises. i firmly believe that the link is the most appropriate monetary system for hong kong. we see no need and have no intention of changing this well - established system. 4. our banking system is also robust and sound. i ’ m confident that hong kong ’ s financial system is well positioned to cope with market volatilities. 5. we will also reinforce hong kong ’ s role as a premier international financial centre. one key driver is the rapid development of fintech. while the hkma has done a great deal in the past few years in promoting fintech, there is still room to further apply new technology in finance in the coming years. this includes, for example, fostering a better ecosystem for regulatory technology ( or regtech ) and supervisory technology ( or suptech ). we are also aware that any new risks associated with the increasing use of technology have to be managed. these include for example cyber and data security. we will work with the industry to address these risks. 6. we are also committed to promoting market development opportunities, especially in strengthening the role of hong kong as the gateway to the mainland ’ s capital markets, in the greater bay area development, and also in green finance. 7. these are rough times. but my colleagues and i will continue to discharge our duties in a professional manner and do our best to serve the people of hong