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This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in … the areas of insolvency and creditor rights. The regime for creditor and debtor rights largely conforms to international …, reliable, and cost-effective. Owing to nonperforming loans, real estate foreclosure has been extensively used in Spain. Real …
Persistent link: https://www.econbiz.de/10011756422
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Past experience with financial crises places systemic risk oversight at the core of Korea's approach to the financial system. The Korean authorities have amassed over a decade of experience with macroprudential policies. They have put in place rigorous and sophisticated processes for risk...
Persistent link: https://www.econbiz.de/10012302764
supervisory framework as well as the insolvency and creditor rights regime, and makes recommendations for strengthening the … insolvency system (liquidation and reorganization proceedings); and (4) effectiveness of the relevant institutional, regulatory …
Persistent link: https://www.econbiz.de/10011675463
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The NBRB revised in 2018 its regulation on asset classification and provisioning (the Regulation). One of the main changes was the introduction of a new definition for NPLs based on the current framework of risk groups (RGs). This definition substitutes the previous term 'problem assets.' One of...
Persistent link: https://www.econbiz.de/10012517674
Hong Kong SAR (HKSAR) is a small and open economy, and a major international financial center with extensive linkages to Mainland China. Over the past two years, Hong Kong SAR's economy and financial sector were adversely impacted by domestic social unrest, US-China tensions, and the global...
Persistent link: https://www.econbiz.de/10012604066
The institutional framework for Macroprudential Policies (MaPP) in the Hong Kong Special Administrative Region (the Hong Kong SAR) is well established. According to the Basic Law, the Government of the Hong Kong SAR shall on its own formulate monetary and financial policies. The Financial...
Persistent link: https://www.econbiz.de/10012604073
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