People's Republic of China : Hong Kong Special Administrative Region -- Report on the Observance of Standards and Codes.

This paper discusses key findings of the Report on the Observance of Standards and Codes for Hong Kong Special Administrative Region (HKSAR). HKSAR has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Hong Kong Monetary Authority (HKMA) complement...

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Autor corporatiu: International Monetary Fund. Monetary and Capital Markets Department
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2014.
Col·lecció:IMF Staff Country Reports; Country Report ; No. 2014/131
Accés en línia:Full text available on IMF
Descripció
Sumari:This paper discusses key findings of the Report on the Observance of Standards and Codes for Hong Kong Special Administrative Region (HKSAR). HKSAR has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Hong Kong Monetary Authority (HKMA) complements its high supervisory standards with a sustained commitment to the international regulatory reform agenda where it is an early adopter of many standards. The banking system is characterized by the dominant presence of institutions with foreign ownership, including the systemic banks, which puts a premium on the HKMA's role as a host supervisory authority.
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Descripció física:1 online resource (72 pages)
Format:Mode of access: Internet
ISSN:1934-7685
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