Hong Kong measures its banking supervision

The Hong Kong Monetary Authority (HKMA) has released its annual self-assessment as to how how well local banks are meeting the Banking Code. According to the HKMA Hong Kong banks are nearly fully compliant.

This is the second self-assessment conducted by authorised institutions on their compliance with the Code of Banking Practice. The self-assessment framework was introduced in 2001/02 as part of the HKMA's efforts in monitoring AIs' compliance with the Code. The self-assessment requires the