Regulatory Alerts2024-10-24
Added · Updated
Code of Practice: Resolution Planning - LAC Requirements (LAC-1)
The Hong Kong Monetary Authority issued this Code of Practice to establish specific requirements for Authorized Institutions regarding resolution planning. The document mandates the disclosure of Loss Absorbing Capacity (LAC) data and incorporates revised standard templates to ensure consistent reporting. It serves as a critical regulatory framework for enhancing the resolvability of financial institutions within the jurisdiction.
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