02534cas a2200301 a 4500 AALejournalIMF021832 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513585673 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. People's Republic of China-Hong Kong Special Administrative Region : Financial Sector Assessment Program-Detailed Assessment of Observance-HKFE Clearing Corporation Limited (HKCC) Principles for Financial Market Infrastructures. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (129 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 adequate risk management framework to address financial, business, and operational risks. Participant assets as well as HKCC's collaterals are safely kept in several banks and regulated central securities depositories. The credit and liquidity risks are minimized by having a robust risk management framework, including rigorous stress testing methodology and access to qualifying liquid resources. Furthermore, the HKCC has clear rules and procedures to handle and manage a participant's default procedures. Moreover, the HKCC has established risk management framework to handle operational risk, including cyber risk, and business continuity management that addresses events posing significant risk of operational disruption. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Hong Kong Special Administrative Region, People's Republic of China imf IMF Staff Country Reports; Country Report ; No. 2021/122 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/122/002.2021.issue-122-en.xml IMF e-Library