Regulatory Alerts2021-11-05
Added · Updated
Resolution Planning – Operational Continuity in Resolution
The Hong Kong Monetary Authority issues this Code of Practice chapter to establish expectations for authorized institutions regarding operational continuity in resolution. It requires institutions to implement ex-ante arrangements that secure the continuity of essential services supporting critical financial functions during resolution and post-stabilization restructuring. The guidance mandates specific contractual safeguards, such as resolution-proof terms, and outlines risk assessment procedures to prevent impediments to orderly resolution.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share