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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...
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preserving financial stability. While the legal, regulatory, and supervisory frameworks for banking and insurance sector have …
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This technical note explores key attributes of effective resolution regimes (KA) for insurance companies on France. The …
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Financial Sector Assessment Program; Technical Note-Insurance Regulation and Supervision …
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Italian insurance sector since the last assessment concluded in 2013. The mission conducted a target review focusing on the … weaknesses without a full assessment of Italy's observance with the International Association of Insurance Supervisors (IAIS …) Insurance Core Principles (ICPs). Implementation of the European Union (EU) Solvency II Directive in 2016 has significantly …
Persistent link: https://www.econbiz.de/10012266779
The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
Persistent link: https://www.econbiz.de/10013168903
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
This Technical Assistance report on Chile constitute technical advice provided by the staff of the IMF to the Banco Central de Chile (BCCh) in response to their request for technical assistance. The BCCh is considering broadening access to its services beyond commercial banks and some Financial...
Persistent link: https://www.econbiz.de/10012250247
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