Regulatory Alerts2026-07-24
Added · Updated
Code of Practice chapters regarding valuation in resolution issued under FIRO
The Monetary Authority issues two new Code of Practice chapters, VIR-1 and VIR-2, under the Financial Institutions (Resolution) Ordinance. VIR-1 outlines the methodologies, processes, and outputs for valuations required during resolution, while VIR-2 provides guidance on the capabilities and arrangements authorized institutions must establish to support timely and robust valuation. Additionally, an updated version of RA-1 is released to incorporate housekeeping changes, format alignment, and translation fine-tuning.
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