People’s Republic of China––Hong Kong Special Administrative Region: Financial System Stability Assessment

May 22, 2014

Preview Citation

Format: Chicago

People’s Republic of China––Hong Kong Special Administrative Region: Financial System Stability Assessment, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This Financial System Stability Assessment report on Hong Kong Special Administrative Region (HKSAR) highlights that HKSAR’s financial sector is very well regulated, with the capacity to withstand a diversity of shocks. The sector, however, faces major risks, which puts a significant premium on effective liquidity management, macroprudential oversight, and microprudential supervision. The regulation and supervision framework of the financial sector is of a high caliber, and displays a high level of compliance with international standards, but there remains scope for further strengthening. Financial market infrastructures are highly sophisticated, but further enhancements are needed to fully comply with new international standards.

Subject: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Insurance companies, Loans, Mortgages, Stress testing

Keywords: Asset, Banking sector, Commercial banks, CR, Foreign currency, Global, HKMA Macro-Surveillance Committee, Hong Kong office basis, Hong Kong SAR, Insurance companies, Insurance group, Interest rate, ISCR, Liquidity ratio, Loans, LTV ratio, Mortgages, Net, Stress testing

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/130
Stock No:

1HKGEA2014001
ISBN:

9781498313216
ISSN:

1934-7685

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