Regulatory Alerts2026-07-24
Added · Updated
Operational Independence of the Monetary Authority as Resolution Authority
The Monetary Authority establishes the Resolution Office as an operationally independent unit within the HKMA, featuring a dedicated staff team and a direct reporting line to the Monetary Authority to discharge functions under the Financial Institutions (Resolution) Ordinance. This structural separation ensures that resolution planning and crisis management decisions are made independently from other Monetary Authority functions, such as supervision, to minimize conflicts of interest. The Monetary Authority is required to maintain clear internal coordination mechanisms and unimpeded access to authorized institutions, while adhering to rigorous accountability and transparency standards, including specific reporting requirements following the deployment of stabilization options.