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.
COP
Current
Issue Date:
24 Oct 2024
20241113-9-EN.pdf (1.8 MB)
Topic:
Resolution - Resolution planning
Resolution - Resolution standards
Keyword:
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
24 Oct 2024
Revised standard LAC disclosure template and updated Code of Practice chapter LAC-1 “Resolution Planning – LAC Requirements”
Annex
Current
24 Oct 2024
Annex 1 - Template CCA(A)
Annex
Current
24 Oct 2024
Annex 3 - Template CCA(A) (marked-up version)
Annex
Current
24 Oct 2024
Annex 4 - LAC-1 Resolution Planning - LAC Requirements (marked-up version)
COP
Current
07 Jul 2017
Code of Practice: Resolution Planning - Core Information Requirements (CI-1)
COP
Current
07 Jul 2017
Code of Practice: The HKMA’s Approach to Resolution Planning (RA-2)
CIR
Current
24 Oct 2024
Revised standard LAC disclosure template and updated Code of Practice chapter LAC-1 “Resolution Planning – LAC Requirements”
Annex
Current
24 Oct 2024
Annex 1 - Template CCA(A)
Annex
Current
24 Oct 2024
Annex 3 - Template CCA(A) (marked-up version)
Annex
Current
24 Oct 2024
Annex 4 - LAC-1 Resolution Planning - LAC Requirements (marked-up version)
COP
Current
07 Jul 2017
Code of Practice: Resolution Planning - Core Information Requirements (CI-1)
COP
Current
07 Jul 2017
Code of Practice: The HKMA’s Approach to Resolution Planning (RA-2)
Version History
Superseded Document
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Code of Practice: Resolution Planning - LAC Requirements (LAC-1)