People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Crisis Management and Bank Resolution Framework-Technical Note
IMF Staff Country Reports, July 16, 2014
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Bibliographic details
- Published: July 16, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498352741.002
Overview and Purpose
- Technical Note prepared in the context of the Financial Sector Assessment Program for the People’s Republic of China–Hong Kong Special Administrative Region (HKSAR).
- Pages: 31
- Volume: 2014
- Issue: 209
- Series: Country Report No. 2014/209
- DOI: https://doi.org/10.5089/9781498352741.002
- Stock No: 1HKGEA2014008
- ISBN: 9781498352741
- ISSN: 1934-7685
Institutional framework and coordination
- Overall finding: The existing institutional framework facilitates communication and coordination domestically, as well as on a cross-border basis.
- Information sharing and coordination among domestic regulatory authorities and with the Government:
- Undertaken through a variety of formal mechanisms.
- Supported by sound legal bases for the exchange of confidential information.
Macroprudential and microprudential arrangements
- Complementary structures in place for macro- and micro-prudential supervision.
- Contribution:
- These structures contribute to the prevention and identification of problems in banks.
- Identification of risks:
- Market-wide or bank intrinsic risk issues will be identified by macroprudential surveillance and bank supervision in the Hong Kong Monetary Authority, or by other financial sector regulatory bodies.
Deposit protection scheme
- Characterization:
- The deposit protection scheme is transparent, and trusted.
- Recommendations / required steps:
- Steps should be taken to enhance efficiency of pay-outs.
- Steps should be taken to ensure the scheme’s sustainability.
Subjects and keywords covered
- Subject: Artificial intelligence, Bank resolution, Bank resolution framework, Banking, Financial crises, Financial sector policy and analysis, Financial sector stability, Lender of last resort, Technology
- Keywords: Artificial intelligence, Asia and Pacific, bank failure, Bank resolution, Bank resolution framework, contingent bank Capital Facility, CR, discount window, Financial sector stability, financial system, Global, HKMA supervisor, ISCR, Lender of last resort, member bank, problem bank, resolution authorities, resolution process
Source: People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Crisis Management and Bank Resolution Framework-Technical Note (IMF Staff Country Reports 2014, No. 2014/209).
Content in this bundle
- _cr14209 - Executive Summary