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

International Monetary Fund

No 2014/130, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; asset; HKMA Macro-Surveillance Committee; banking sector; net; Hong Kong SAR; Hong Kong office basis; foreign currency; interest rate; LTV ratio; insurance group; liquidity ratio; Mortgages; Stress testing; Insurance companies; Commercial banks; Loans; Global (search for similar items in EconPapers)
Pages: 44
Date: 2014-05-22
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