HKMA backs public ownership as resolution tool

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The Hong Kong Monetary Authority (HKMA) believes that temporary public ownership of failed financial institutions should be included in the country's resolution regime.

The Hong Kong authorities today released proposals for a new resolution regime, in an attempt to bring domestic practices up to international standards, and are inviting public feedback.

The Financial Stability Board (FSB) established best practice for resolving systemically important institutions – the so-called Key Attributes o

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