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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...
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This Selected Issues paper analyzes the financial sector in Tanzania. The Tanzanian financial system has a number of characteristics commonly seen in other low-income countries. The system is relatively small, dominated by banks, and has not been particularly inclusive. Costs related to basic...
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Financial boom-bust cycles -- Lending booms and lending standards / Giovanni Dell'Ariccia, Robert Marquez -- Are weak banks leading credit boom? : Evidence from emerging Europe / Deniz Igan, Natalia Tamirisa -- Growth dynamics : the myth of economic review / Valerie Cerra, Sweta Chaman Saxena --...
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This paper analyzes the linkages between capital account liberalization and other policies influencing financial sector stability. Drawing on country experiences, the paper develops an operational framework for sequencing and coordinating capital account liberalization with other policies aimed...
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This chapter provides an overview of market practices, market structure, and official supervision and regulation in financial markets. This paper also highlights the key features of modern banking and over the counter (OTC) derivatives markets that seem to be relevant for assessing their...
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This Technical Assistance report examines regulation of market abuse and issuer disclosure requirements in Ukraine. The … Ukrainian regulatory framework for market abuse and issuer disclosure requirements has significant gaps, whose impact is … enforcement powers. This has contributed to overall lack of transparency and widespread misconduct in the market, including …
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