Hong Kong legislation enables authorities to achieve orderly resolution in the event of a bank failure and provides clarity on the effect on depositors and other creditors.
May 1, 2018Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.
April 20, 2018Completion of reform implementation and greater transparency needed for OTC derivatives market; resolution framework can be improved.
March 3, 2018New rules will bring Hong Kong bank regulatory regime in line with international standards.
February 6, 2018The Australian Prudential Regulation Authority will seek stronger powers to help it prevent distressed banks from collapsing.
October 24, 2015Majority of respondents supportive of the proposal to establish local resolution regime in line with FSB standards.
October 12, 2015