BANK 8.1.10 Duty to notify authority of decline in value

A banking business firm must immediately notify the Regulatory Authority if any stress-testing under this Chapter suggests that, as a result of the change in interest rates described in rule 8.1.9(2)(b), the economic value of the firm would decline by more than 20%.

Derived from QFCRA RM/2014-2 (as from 1st January 2015).