People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Implications Of Fintech For The Regulation And Supervision Of The Financial Sector
DOWNLOAD
FREE 30 Days
Download People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Implications Of Fintech For The Regulation And Supervision Of The Financial Sector PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Implications Of Fintech For The Regulation And Supervision Of The Financial Sector book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Implications Of Fintech For The Regulation And Supervision Of The Financial Sector
DOWNLOAD
FREE 30 Days
Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-15
People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Implications Of Fintech For The Regulation And Supervision Of The Financial Sector written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-15 with Business & Economics categories.
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 financial center, its free-flowing talent and capital, a highly developed information and technology communication (ITC) infrastructure, and its most unique trait, a geographical and strategic advantage by proximity to the market in Mainland China.
People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Insurance Sector Regulation And Supervision
DOWNLOAD
FREE 30 Days
Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-15
People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Insurance Sector Regulation And Supervision written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-15 with Business & Economics categories.
This note provides an update and assessment of developments in insurance supervision since 2014. It is part of the 2020 Financial Sector Assessment Program (FSAP) for the Hong Kong SAR (HKSAR) and draws on discussions there from September 10 to 24, 2019. It has not been updated for the impact of recent global events associated with the COVID-19 pandemic. The insurance sector is large, especially long-term (life) insurance, highly international and has been growing steadily. The long-term market is amongst the world’s largest, particularly by penetration (premiums to GDP). Growth has been supported by the popularity of savings products, including sales of policies to Mainland Chinese visitors (MCVs), although these have declined from their peak. The general insurance sector, though comprising many more companies, is relatively small and spread over many lines. The authorities have identified scope for growth in protection policies as well as opportunities for captive and specialty lines related to China’s Belt and Road Initiative. Tax incentives have supported the recent successful introduction of new annuity and health insurance products. Although foreign-owned companies account for a large share of business, the HKSAR is the home of three major domestic groups operating internationally.
People S Republic Of China Hong Kong Special Administrative Region Financial System Stability Assessment Press Release And Statement By The Executive Director For The People S Republic Of China Hong Kong Special Administrative Region
DOWNLOAD
FREE 30 Days
Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-08
People S Republic Of China Hong Kong Special Administrative Region Financial System Stability Assessment Press Release And Statement By The Executive Director For The People S Republic Of China Hong Kong Special Administrative Region written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-08 with Business & Economics categories.
The main macro-financial risks relate to extensive linkages to Mainland China, stretched real estate valuations, and exposure to shifts in global market and domestic risk sentiment, compounded by escalating U.S.-China tensions. Stress tests show that the financial system is resilient to severe macro-financial shocks, but there are pockets of vulnerabilities in foreign bank branches, investment funds, households, and nonfinancial corporates. Hong Kong SAR’s financial sector is also exposed to physical and transition risks from climate change.
Strengthening Capital Markets National Progress And Gaps
DOWNLOAD
FREE 30 Days
Author : Cristina Cuervo
language : en
Publisher: International Monetary Fund
Release Date : 2022-06-28
Strengthening Capital Markets National Progress And Gaps written by Cristina Cuervo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-28 with Business & Economics categories.
This paper discusses progress on post-global financial crisis (GFC) reforms and the emerging challenges in the area of capital markets regulation and supervision, drawing on the analysis and insights from the IMF’s Financial Sector Assessment Program (FSAP). FSAP analyses sheds light on the implementation of post-GFC reforms to strengthen prudential and conduct supervision of capital markets and highlights new regulatory and supervisory challenges arising from several factors such as the growth of bond markets, benchmark transition, digitalization, and climate change. Key takeaways regarding implementation of post-GFC reform include significant progress with respect to oversight of market intermediaries and infrastructures and a case for further regulatory and supervisory action to address vulnerabilities arising from the high and rising interconnectedness of the asset management sector with the global economy, especially to foster stronger liquidity risk management. Emerging priority areas underscore the importance of ensuring the adequacy of issuer disclosures and quality of auditing; of examining and appropriately calibrating the regulatory perimeter in light of market developments; and of proactively safeguarding the operational independence of supervisory authorities and adequacy of their resources for implementation of regulatory frameworks that are fit-for-purpose in light of market developments and evolution.
People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Banking Sector Supervision And Regulation
DOWNLOAD
FREE 30 Days
Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-15
People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Banking Sector Supervision And Regulation written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-15 with Business & Economics categories.
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 cross-border cooperation arrangements are firmly in place. The HKMA actively contributes to the development and implementation of relevant international standards. Updating their risk based supervisory approach helped the HKMA optimize supervisory resources. The HKMA’s highly experienced supervisory staff is a key driver to achieving one of the most sophisticated levels of supervision and regulation observed in Asia and beyond.
People S Republic Of China Hong Kong Special Administrative Region
DOWNLOAD
FREE 30 Days
Author :
language : en
Publisher:
Release Date :
People S Republic Of China Hong Kong Special Administrative Region written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance
DOWNLOAD
FREE 30 Days
Author : El Bachir Boukherouaa
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-22
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance written by El Bachir Boukherouaa and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-22 with Business & Economics categories.
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
The Promise Of Fintech
DOWNLOAD
FREE 30 Days
Author : Ms.Ratna Sahay
language : en
Publisher: International Monetary Fund
Release Date : 2020-07-01
The Promise Of Fintech written by Ms.Ratna Sahay and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-01 with Business & Economics categories.
Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
Fintech In Sub Saharan African Countries
DOWNLOAD
FREE 30 Days
Author : Mr.Amadou N Sy
language : en
Publisher: International Monetary Fund
Release Date : 2019-02-14
Fintech In Sub Saharan African Countries written by Mr.Amadou N Sy and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-14 with Business & Economics categories.
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
People S Republic Of China
DOWNLOAD
FREE 30 Days
Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2017-08-15
People S Republic Of China written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-15 with Business & Economics categories.
This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.