Regulatory Alerts1999-11-03
Added · Updated
Hong Kong Approach to Corporate Difficulties
The Hong Kong Monetary Authority and the Hong Kong Association of Banks jointly issued non-statutory guidelines for handling corporate borrowers in financial difficulties. The HKMA expects members of the DTC Association to follow these formal workout procedures alongside HKAB members. Institutions are strongly recommended to attend a seminar organized by the HKAB to enhance understanding of the approach.
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