All posts tagged "financial contracts"
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658Hong KongHKMA Issues Guidance on Compliance with ‘Stay Rules’
The HKMA may issue directions to banks or their holding companies if it believes non-compliance with the Stay Rules (including by a related company) may impede orderly resolution.
December 31, 2021 -
299InternationalIBA Launches New RFR Indexes to Facilitate LIBOR Transition
IBA has now launched RFR indexes for SOFR, SONIA, €STR and TONA, providing daily values that represent accrued compound interest.
September 24, 2021 -
354Australia & NZATO Consults on Tax Implications of IBOR Reform
The ATO has set out in a discussion paper the most common tax consequences that may arise from the transition from LIBOR to RFRs.
August 20, 2021 -
572Capital / LiquidityHong Kong: ‘Stay Rules’ to Come into Operation on 27 August
Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.
June 28, 2021 -
602Capital / Liquidity
HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021
Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.
January 4, 2021 -
654FeatureHKMA Consults on Contractual Stay Provisions in Financial Contracts
FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.
January 23, 2020
