Resolution planning - Global expertise, local insights

Resolution planning - Global expertise, local insights

The key steps of resolution planning, potential impact to banks, and how KPMG can help

1000

Related content

sky gliding in snowy mountains

The Great Financial Crisis clearly identified that recovery and resolution planning needed to be a high priority for both banks and regulators. Initially, the focus was on recovery planning, but it is now shifting to resolution. Hong Kong introduced the Financial Institutions (Resolution) Ordinance (FIRO) in 2016, with the goal of establishing a regime for the orderly resolution of financial institutions, thereby avoiding or mitigating risks otherwise posed by their non-viability to the stability of the Hong Kong financial system.

Resolution planning will play a key role in a financial institution’s risk management framework and pose new challenges – and opportunities. It is essential for banks to understand clearly how to navigate the regulatory requirements and what to focus on to meet each of these specific challenges.

This flyer looks at the elements of resolution planning, how it can impact banks, and how KPMG China can help. 

© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

Connect with us