Author: Sumit Indwar

Hong Kong SAR - HKMA on Operational Continuity in Resolution

The HKMA has issued a new chapter of the FIRO Code of Practice on resolution planning which sets out its policy in relation to banks’ operational continuity in resolution and details the HKMA expectations on the arrangements which banks should have in place to secure the continuity of services that are essential to the continued performance of critical financial functions as well as to support post-stabilisation restructuring.