Regulatory Alerts2017-07-07
Added · Updated
Code of Practice: Resolution Planning - Core Information Requirements
The Monetary Authority of Hong Kong issues this Code of Practice to guide authorized institutions on providing core information for resolution planning under the Financial Institutions (Resolution) Ordinance. The document mandates the submission of data regarding relevant entities, core business lines, dependencies, and financial functions to enable the assessment of resolvability and the development of preferred resolution strategies. It establishes a phased, proportionate approach to information gathering, distinguishing between initial core submissions and subsequent supplementary data required to operationalize resolution plans and remove impediments.
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