BIS paper’s guide to monitoring ‘highly leveraged’ non-banks

Bank for International Settlements, Basel
Bank for International Settlements, Basel
Photo: BIS

The experience of the Hong Kong Monetary Authority could help guide other supervisors in dealing with “highly leveraged” non-banks, a paper published by the Bank for International Settlements says.

Authors Kevin Cheng, Zijun Liu, Silvia Pezzini and Liang Yu note hedge funds and family offices often use a lot of leverage and may not be subject to prudential or disclosure rules. “They are diverse in nature, engaging in complex or opaque derivatives transactions, and their trading strategies can

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account