People’s Republic of China––Hong Kong Special Administrative Region : Report on the Observance of Standards and Codes

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

May 22, 2014

Electronic Access:

Free Full Text (PDF file size is 609 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Report on the Observance of Standards and Codes for Hong Kong Special Administrative Region (HKSAR). HKSAR has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Hong Kong Monetary Authority (HKMA) complements its high supervisory standards with a sustained commitment to the international regulatory reform agenda where it is an early adopter of many standards. The banking system is characterized by the dominant presence of institutions with foreign ownership, including the systemic banks, which puts a premium on the HKMA’s role as a host supervisory authority.

Series:

Country Report No. 14/131

Subject:

English

Publication Date:

May 22, 2014

ISBN/ISSN:

9781498388474/1934-7685

Stock No:

1HKGEA2014002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

72

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