HK authorities may bring shadow banks into resolution regime
Plans for resolution regime are advancing, with legislation expected by the end of the year; unregulated financial institutions can still be covered by the regime
Hong Kong is planning to extend the scope of its resolution regime to shadow banks as well as conventional banks, as it presses ahead with legislation, the Hong Kong Monetary Authority (HKMA) said on October 9.
A joint publication by the HKMA, Financial Services and Treasury Bureau, Security and Futures Commission and the Insurance Authority sets out responses to a consultation on the regime, and details the government response.
The plans include a "designation power", under which financial
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