Events listed in Financial Institutions (Resolution) Ordinance
HKMA’s response to media enquiries
ID 22426
In response to several enquiries and to the recent resolution of several U.S. financial institutions, the Hong Kong Monetary Authority (HKMA) has issued a press statement to clarify the order by which creditors and shareholders are reimbursed in case of the unsolvency and wind-down of financial institutions. The HKMA thereby notes that the „order in which shareholders and creditors would bear losses in a ...