06782oam 22014294 450 991079129740332120200520144314.01-4843-2055-71-4983-0470-21-4983-4382-1(CKB)2550000001345647(EBL)1770286(OCoLC)889674751(SSID)ssj0001399032(PQKBManifestationID)11801410(PQKBTitleCode)TC0001399032(PQKBWorkID)11450074(PQKB)10826827(MiAaPQ)EBC1770286(Au-PeEL)EBL1770286(CaPaEBR)ebr10913252(CaONFJC)MIL638353(IMF)1HKGEE2014006(IMF)1HKGEA2014006(EXLCZ)99255000000134564720020129d2014 uf 0engurcnu||||||||txtccrPeople’s Republic of China-Hong Kong Special Administrative Region : Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment of ObservanceWashington, D.C. :International Monetary Fund,2014.1 online resource (361 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4983-7217-1 1-322-07102-0 ""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. Authoritiesâ€? Response to the Assessment""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.IMF Staff Country Reports; Country Report ;No. 2014/207TaxationChinaHong KongMoneyChinaHong KongBanks and bankingChinaHong KongLabor marketChinaHong KongBanks and BankingimfPublic FinanceimfIntelligence (AI) & SemanticsimfTechnological Change: Choices and ConsequencesimfDiffusion ProcessesimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancing PolicyimfFinancial Risk and Risk ManagementimfCapital and Ownership StructureimfValue of FirmsimfGoodwillimfPublic AdministrationimfPublic Sector Accounting and AuditsimfFinancial Institutions and Services: Government Policy and RegulationimfArtificial intelligenceimfBankingimfFinancial services law & regulationimfManagement accounting & bookkeepingimfMarket riskimfCredit riskimfExternal auditimfTechnologyimfFinancial regulation and supervisionimfPublic financial management (PFM)imfCapital adequacy requirementsimfBanks and bankingimfFinancial risk managementimfAuditingimfAsset requirementsimfHong Kong (China)Foreign economic relationsHong Kong Special Administrative Region, People's Republic of ChinaimfTaxationMoneyBanks and bankingLabor marketBanks and BankingPublic FinanceIntelligence (AI) & SemanticsTechnological Change: Choices and ConsequencesDiffusion ProcessesBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancing PolicyFinancial Risk and Risk ManagementCapital and Ownership StructureValue of FirmsGoodwillPublic AdministrationPublic Sector Accounting and AuditsFinancial Institutions and Services: Government Policy and RegulationArtificial intelligenceBankingFinancial services law & regulationManagement accounting & bookkeepingMarket riskCredit riskExternal auditTechnologyFinancial regulation and supervisionPublic financial management (PFM)Capital adequacy requirementsBanks and bankingFinancial risk managementAuditingAsset requirements382.095125005DcWaIMFBOOK9910791297403321People's republic of China-Hong Kong special administrative region3418187UNINA