All posts tagged "resolution authority"
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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 -
373Capital / LiquidityMalaysia Establishes Policy on Recovery and Resolution Planning
Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.
July 31, 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 -
349Big PictureResolution Authorities Should Have Operational Independence: BIS
The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.
May 13, 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
