Search Results - subject:"FSAP"

People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : technical note : financial safety net and crisis management arrangements

Internationaler Währungsfonds - 2021

Hong Kong SAR has significantly strengthened its crisis management arrangements through a thorough update of the framework for resolution of financial institutions, as recommended by the 2014 Financial Sector Assessment Program. The 2017 Financial Institutions (Resolution) Ordinance (FIRO)...

Persistent link: https://www.econbiz.de/10012604075

South Africa : financial sector assessment program : financial system stability assessment

Internationaler Währungsfonds - 2022

The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed...

Persistent link: https://www.econbiz.de/10013169066

People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : technical note : implication of fintech for the regulation and supervision of the financial sector

Internationaler Währungsfonds - 2021

he Hong Kong Special Administrative Region (HKSAR) is among the world's major fintech hubs, well positioned to develop fintech initiatives from its traditional strengths in financial services. Key factors enabling the HKSAR to emerge as a fintech hub include its presence as an international...

Persistent link: https://www.econbiz.de/10012604071

People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : technical note : banking sector: supervision and regulation

Internationaler Währungsfonds - 2021

Banking supervision and regulation by the Hong Kong Monetary Authority (HKMA) remain strong. This assessment confirms the 2014 Basel Core Principles assessment that the HKMA achieves a high level of compliance with the BCPs. The Basel III framework (and related guidance) and domestic and...

Persistent link: https://www.econbiz.de/10012604074

People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : technical note : investment fund sector liquidity stress testing

Internationaler Währungsfonds - 2021

The Hong Kong Special Administrative Regime (HKSAR) is home to a fast-growing and highly international investment fund industry. The public investment fund industry authorized in HKSAR has grown rapidly from USD 628 billion in 2008 to USD 1.6 trillion in net asset value (NAV) in 2020. The...

Persistent link: https://www.econbiz.de/10012604077

People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : technical note : insurance sector regulation and supervision

Internationaler Währungsfonds - 2021

Financial Sector Assessment Program (FSAP) for the Hong Kong SAR (HKSAR) and draws on discussions there from September 10 to 24 …

Persistent link: https://www.econbiz.de/10012604079

People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : detailed assessment of observance : HKFE clearing corporation limited (HKCC) principles for financial market infrastructures

Internationaler Währungsfonds - 2021

The HKFE Clearing Corporation Limited (HKCC) observes the CPSS/IOSCO Principles for Financial Market Infrastructures (PFMI). It has a sound, coherent and transparent legal basis. As an integral part of the Hong Kong Exchanges and Clearing Limited (HKEX Group), the HKCC has a comprehensive and...

Persistent link: https://www.econbiz.de/10012604081

Sovereign risk in macroprudential solvency stress testing

Jobst, Andreas A.; Oura, Hiroko - 2019

experiences in the Financial Sector Assessment Program (FSAP). We discuss four essential steps in assessing the system-wide impact …

Persistent link: https://www.econbiz.de/10012154975

Financial Harmonization and Financial Development: An Application of Europe’s Financial Services Action Plan

Ozkok, Zeynep - Volkswirtschaftliche Fakultät, … - 2013

The Financial Services Action Plan (FSAP) of the European Commission intends to create an open, secure, integrated … financial market across EU member countries. Although recent research has shown a positive impact of the FSAP directives on … of financial harmonization policies of the FSAP on financial development in a panel of twenty five EU member states for …

Persistent link: https://www.econbiz.de/10011108860

A Framework for Macroprudential Bank Solvency Stress Testing; Application to S-25 and Other G-20 Country FSAPs

Jobst, Andreas A.; Ong, Li L.; Schmieder, Christian - International Monetary Fund (IMF) - 2013

The global financial crisis has placed the spotlight squarely on bank stress tests. Stress tests conducted in the lead-up to the crisis, including those by IMF staff, were not always able to identify the right risks and vulnerabilities. Since then, IMF staff has developed more robust stress...

Persistent link: https://www.econbiz.de/10011242340