RegTalks: So what about the HKMA Contractual Stays?

Following the announcement of the Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights—Banking Sector) Rules [https://www.elegislation.gov.hk/hk/cap628C], all counterparties with existing non-Hong Kong law financial contracts embedded with an early termination right must ensure they are compliant with these rules before the regulatory deadline of February 2024 - by adhering to the Hong Kong Jurisdictional Module found on the ISDA website [https://www.isda.org/protocol/hong-kong-jurisdictional-module-to-the-isda-resolution-stay-jurisdictional-modular-protocol/], signing an Omnibus Amendment Agreement or bilaterally amending their contracts. Listen as Navin Desor, Head of Legal, Markets and Securities Services, HSBC, Asia-Pacific and Deborah Hajasi, Head of Markets Regulatory Change, HSBC, Asia-Pacific take a look with Michael Small, Project Manager, Transformation, Markets and Securities Services, HSBC, at the 'what', 'why', 'when', 'who', 'how' and 'what-if' of the Stay Rules. Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.