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HKMA seeks public consultation on minimum loss-absorbing capacity requirements

HKMA Asian Private Banker
The Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) has begun a two-month consultation period on proposed rules around minimum loss-absorbing capacity (LAC) requirements, with the aim of shoring up local standards. The proposed changes come after the introduction of the Financial Institution (Resolution) Ordinance (FIRO) last July, which gave the HKMA a range of powers and responsibilities, including the ability to bail-in…

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