Financial Institutions (Resolution) Ordinance (Cap.628): Commentary & Annotations, 2nd Edition

Name: Financial Institutions (Resolution) Ordinance (Cap.628): Commentary & Annotations, 2nd Edition
Brand: Sweet & Maxwell Hong Kong
SKU: 9789888591053
Price: 1746.00 HKD
Availability: InStock
Author: Jason Gerber
ISBN: 9789888591053

By Jason Gerber

Sweet & Maxwell Hong Kong January 2024

Specifications

ISBN-13: 9789888591053
Publisher: Sweet & Maxwell Hong Kong
Publication: January 2024
Format: Paperback + eBook , 488 pages
Jurisdiction: Hong Kong ? Countri(es) for reference only

Details

The text is for persons involved in compliance for international and local financial institutions within the scope of Cap. 628, which consists of 244 sections over 15 Parts, and 9 schedules. The Ordinance implements the Financial Stability Board’s “Key Attributes of Effective Resolution Regimes for Financial Institutions”. It is a cross-sectoral statute that provides for new regulatory powers for the existing regulators in respect of ALL banks, certain insurers and licensed corporations, as well as financial market infrastructure entities, and establishes two new administrative tribunals for review purposes.

Included in this text are the original Cap. 628, Financial Institutions (Resolution) (Protected Arrangements) Regulation (Cap. 628A) the Financial Institutions (Resolution) (Loss Absorbing Capacity Requirements – Banking Sector) Rules (Cap. 628B), the Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights – Banking Sector) Rules (Cap. 628C), the accompanying Codes of Practice published by the Monetary Authority, including CI-1 “Resolution Planning – Core Information Requirements”, chapter LAC-1 “Resolution Planning – LAC requirements”, and chapter ST-1 “Resolution Planning – Contractual Recognition of Suspension of Termination Rights” , as well as guidance materials from the Financial Stability Board, including annotations and introductions to the various sections. This text is most useful for legal and compliance professionals advising international and local financial institutions.

About the Author

Jason Gerber has over 25 years’ experience working in senior legal, operational, and compliance roles in a variety of professional environments, including financial services organizations, corporate advisory firms, a private equity style family office representing a UHNW Asian family, fintech ventures, and alternative energy growth stage enterprises. In these roles he has both directly managed and been called to guide the development of legal, compliance, and operational strategies across multiple jurisdictions, but with a particular focus on Asia, including M&A activities both on the buy and sell side. Jason holds a BA in Economics and Chinese Studies (Grinnell College), a JD (Tulane Law School), a Certificate in PRC Law (East China University of Political Science and Law), and the Executive Hedge Fund Program Certificate (Henley University).

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