All posts tagged "stay rules"
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550Hong 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 -
563Capital Regulation
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 -
616FeatureHKMA 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
