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13 2 sns@lcsd.gov.hk(Official Use Only) Application No.: ___ Date of Receipt: ___ (202425) 1. () ()() () * () () 2
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Financial institutions resolution contractual refers to agreements that outline the procedures and protocols for the orderly resolution of financial institutions in the event of failure or distress, ensuring minimal disruption to the financial system.
Typically, financial institutions that are subject to regulatory oversight, including banks, credit unions, and other entities deemed systemically important, are required to file financial institutions resolution contractual.
To fill out financial institutions resolution contractual, entities must provide detailed information regarding their operational structure, potential resolution strategies, and compliance with regulatory requirements, often using specified forms provided by regulatory authorities.
The purpose of financial institutions resolution contractual is to provide a roadmap for managing financial institution failures in a way that protects depositors, maintains financial stability, and limits systemic risk.
Information that must be reported includes the institution's assets and liabilities, governance structure, resolution strategies, and any relevant risk assessments or financial models.
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