How the Hkma Supervises Banks?
The Hkma Adopts a Risk-Based Approach to Banking Supervision to Ensure That Ais Have the Necessary Risk Management Systems to Identify, Measure, Monitor and...
The HKMA adopts a risk-based approach to banking supervision to ensure that AIs have the necessary risk management systems to identify, measure, monitor and control risks inherent in their business operations, and address any problem at an early stage.
What does HKMA regulate?
The HKMA is responsible for the authorization, regulation and supervision of banking business and the business of taking deposits in Hong Kong. The HKMA adopts a risk-based approach in evaluating banks' safety and soundness, risk-management systems and internal controls.
Who regulates banks in Hong Kong?
The banking industry is regulated jointly by the HKMA and the Securities and Futures Commission of Hong Kong (SFC) to the extent that AIs carry on business in one or more regulated activities as defined in the Securities and Futures Ordinance 3 (SFO).
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