Regulatory Alerts2022-07-22
Added · Updated
Code of Practice Chapter LFIR-1 Resolution Planning - Liquidity and Funding in Resolution
The Hong Kong Monetary Authority issued this Code of Practice under the Financial Institutions (Resolution) Ordinance to establish standards for liquidity and funding in resolution planning. It requires all authorized institutions to develop and maintain robust resolution plans that ensure adequate liquidity and funding access during resolution scenarios. The document outlines specific operational and strategic expectations to support the orderly resolution of financial institutions without severe systemic disruption.
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