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