Regulatory Alerts2019-10-31
Added · Updated
Publication of Standard LAC Disclosure Templates
The Hong Kong Monetary Authority issued standard disclosure templates for loss-absorbing capacity to comply with the Financial Institutions (Resolution) Rules. These templates, modeled on Basel Committee frameworks, are mandatory for resolution entities and material subsidiaries to disclose summary capacity, capital instruments, and creditor ranking. Institutions must submit these disclosures to the Resolution Office before publication and file copies with the HKMA within three working days of release.
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