HKMA rules on bank loss-absorbing capital requirements to support orderly failure resolution
Hong Kong Monetary Authority rules impose requirement on banks to maintain a minimum level of loss-absorbing capacity (LAC) to facilitate orderly failure resolution. Sets out the relationship between regulatory capital and LAC, external and internal (within group) LAC requirements, LAC eligibility criteria, restrictions on the sale and distribution of LAC debt instruments, a minimum debt requirement, and reporting and disclosure requirements.
Publisher:
National Regulators
Release date:
Oct 2018
Country:
Hong Kong, China
Type:
Law, Regulation and Policy
Topics:
Capital adequacy, Recovery and resolution, Systemically important financial institutions (SIFIs)
Sectors:
Banking
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