HK bank resolution: : no creditor worse off than liquidation needs clarity.

• Autores: Ashley Lee
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 34, Nº. 6 (2/9/2015), 2015
• Idioma: inglés
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• Resumen

  • The article reports on the issuance of a second consultation paper by the Hong Kong Monetary Authority in China which clarifies bail-in regime. Topics cited include the addition of complex mechanism to identify the no creditor worse off than in liquidation (NCWOL) principle, a proposal to create a Resolution Compensation Tribunal to address the appeal regarding the decision of the NCWOL valuation, and role of a valuer in determining the liquidation or resolution situation of creditors.