Key Functions

Monetary Stability
Linked Exchange Rate System
Interest Rate Adjustment Mechanism
Liquidity Support to Banks
EFAC Currency Board
Sub-Committee
Transparency of Currency Board Operations
Notes & Coins of
Hong Kong
Notes
Coins
Coin Collection Programme
Milestones of Monetary Reform
History of Hong Kong's Exchange Rate System
Banking Stability
Banking Policy & Supervision
The Three-tier Banking System
Regulatory Framework
Advisory Committees
Supervisory
Co-operation
Regulation of Money Brokers
Consumer Corner
HKMA’s Work in Relation to Strengthening Financial Consumer Protection
Consumer Education Programme
Frequently Asked Questions
Complaints about Banks
Internet Banking
Security Controls for ATM Services
Guide to Authorization
Supervisory Policy Manual
Enhanced Competency Framework for Banking Practitioners
Oversight of Financial
Market Infrastructures
Basel III
Other Basel Committee Standards
Exposure Limits
Systemically Important Authorized Institutions (SIBs)
Resolution
Resolution Framework
Resolution Standards
Resolution Planning
Resolution Execution
Resolution Publications
Review of the HKMA's Work on Banking Stability
Sharing of Mortgage Data
Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)
AML/CFT-related Circulars
Sanctions-related Notices and Updates
Countercyclical Capital Buffer (CCyB)
International Financial Centre
International & Regional Financial Co-operation
International & Regional Financial Co-operation
Participation in Multilateral Agencies & International Forums
Co-operation with Other Central Banks
Application of the "One Country, Two Systems" Principle
Renminbi Business in Hong Kong
Infrastructure Financing Facilitation Office (IFFO)
Debt-market Development
Exchange Fund Bills & Notes
Government Bond Programme
Important Policy Initiatives Affecting The EFBN Programme & Other Hong Kong Dollar Debt Instruments
Infrastructure
Financial Infrastructure in Hong Kong
Payment Systems
CMU
OTC Derivatives Trade Repository
System Links
International
Co-operation
Pan-Asian CSD Alliance
Retail Payment Development
Useful Links
Regulatory Regime for Stored Value Facilities (SVF) and Retail Payment Systems (RPS)
Regulation of Stored Value Facilities (SVF)
Complaints about SVF Licensees
Regulation of Retail Payment Systems (RPS)
Fintech Facilitation Office (FFO)
Enhanced Competency Framework for Banking Practitioners
Exchange Fund
History
Management
Transparency
78.1

Resolution Publications

FIRO Rules and Regulations

The Financial Institutions (Resolution) Ordinance (FIRO) provides for a number of rules and regulations to be made as subsidiary legislation. The authorities expect to prioritise these pieces of legislative work over the coming legislative sessions to further operationalise the regime provided for under the FIRO.

FIRO Rules and Regulations
Reference Issued
Financial Institutions (Resolution) (Protected Arrangements) Regulation 07.07.2017

FIRO Code of Practice

As a resolution authority, the Monetary Authority may issue a Code of Practice about any matter relating to the functions given to a resolution authority by the FIRO. The Monetary Authority’s issuance of Code of Practice chapters to date covers the following:

The Monetary Authority’s functions as resolution authority
Reference Chapter title Issued
RA-1 Operational Independence of the Monetary Authority as Resolution Authority 07.07.2017
RA-2 The HKMA’s Approach to Resolution Planning 07.07.2017
Resolution standards for financial institutions
Reference Chapter title Issued
CI-1 Resolution Planning - Core Information Requirements 07.07.2017

Consultations

Open (sorted by date)

No open consultations at present.

Closed

2017

2016

2015

2014

Other Publications

Reference

Issued

inSight on Bank Resolution Regime - A Newly Established Line of Defence for Banking Stability

10.08.2017

Press Release on Resolution Regime for Financial Institutions Commences Operation

07.07.2017

Government Gazette on Notice of Designation of Lead Resolution Authority

07.07.2017

Press Release on the Establishment of the Resolution Office and Senior Staff Appointments at the Hong Kong Monetary Authority

17.03.2017

Quarterly Bulletin Article on Establishing an Effective Resolution Regime for Financial Institutions in Hong Kong

18.12.2015

Quarterly Bulletin Article on New International Standards on Effective Resolution Regimes for Financial Institutions

30.09.2013
Last revision date: 11 August 2017
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery