People’s Republic of China––Hong Kong Special Administrative Region: Financial System Stability Assessment
Electronic Access:
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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.
Series:
Country Report No. 2014/130
Subject:
Banking Commercial banks Financial institutions Financial sector policy and analysis Insurance companies Loans Mortgages Stress testing
English
Publication Date:
May 22, 2014
ISBN/ISSN:
9781498313216/1934-7685
Stock No:
1HKGEA2014001
Pages:
44
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