1.

Record Nr.

UNINA9910810863403321

Titolo

People’s Republic of China-Hong Kong Special Administrative Region : : Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment of Observance

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2014

ISBN

1-4843-2055-7

1-4983-0470-2

1-4983-4382-1

Edizione

[1st ed.]

Descrizione fisica

1 online resource (361 p.)

Collana

IMF Staff Country Reports

Disciplina

382.095125005

Soggetti

Taxation - China - Hong Kong

Money - China - Hong Kong

Banks and banking - China - Hong Kong

Labor market - China - Hong Kong

Banks and Banking

Public Finance

Intelligence (AI) & Semantics

Technological Change: Choices and Consequences

Diffusion Processes

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Financing Policy

Financial Risk and Risk Management

Capital and Ownership Structure

Value of Firms

Goodwill

Public Administration

Public Sector Accounting and Audits

Financial Institutions and Services: Government Policy and Regulation

Artificial intelligence

Banking

Financial services law & regulation

Management accounting & bookkeeping

Market risk

Credit risk



External audit

Technology

Financial regulation and supervision

Public financial management (PFM)

Capital adequacy requirements

Banks and banking

Financial risk management

Auditing

Asset requirements

Hong Kong (China) Foreign economic relations

Hong Kong Special Administrative Region, People's Republic of China

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

""Cover""; ""CONTENTS""; ""Glossary""; ""A""; ""B""; ""C""; ""D""; ""E""; ""F""; ""G""; ""H""; ""I""; ""L""; ""M""; ""O""; ""P""; ""R""; ""S""; ""SUMMARY OF KEY FINDINGS AND PRECONDITIONS""; ""A. Introduction""; ""B. Information and Methodology Used for Assessment""; ""C. Overview of Institutional Setting and Market Structure""; ""D. Preconditions for Effective Banking Supervision""; ""E. Supervisory Powers, Responsibilities and Functions""; ""SUMMARY COMPLIANCE WITH THE BASEL CORE PRINCIPLES""; ""RECOMMENDED ACTIONS AND AUTHORITIES COMMENTS""; ""A. Recommended Actions""

""B. Authorities� Response to the Assessment""

Sommario/riassunto

This Basel Core Principles (BCP) for Effective Banking Supervision Detailed Assessment Report has been prepared in the context of the Financial Sector Assessment Program for the People’s Republic of China–Hong Kong Special Administrative Region (HKSAR). The Hong Kong Monetary Authority (HKMA) supervises a major international financial center which was affected, though not significantly so, by the financial crisis. The HKMA is maintaining its commitment to the international regulatory reform agenda and is an early adopter of many standards. Supervisory practices, standards, and approaches are well integrated, risk based and of very high quality. There is one area in relation to the overarching legislative framework and powers which warrants further attention. The HKMA enjoys clear de facto but not de jure operational independence. There are two important cross border dimensions for Hong Kong as an international financial center. One is related to HKSAR’s significant position as a host supervisor. The second is the increasing importance of Mainland China in the current portfolios and prospects of the locally incorporated institutions, and indeed in the choice of HKSAR as a platform for overseas institutions to establish relationships with Mainland China.