The Hong Kong Monetary Authority (HKMA) today (Monday) published the December 2013 issue of its Quarterly Bulletin.
This Quarterly Bulletin carries the following three feature articles:
- Results of surveys on selected debt securities and off-balance sheet exposures to derivatives and securitisations – covering reported exposures of surveyed authorized institutions at the end of December 2012 and June 2013, and regulatory developments including the implementation of enhanced capital framework for counterparty credit risk under Basel III, as well as developments in respect of reforms in the over-the-counter (OTC) derivatives market in Hong Kong.
- The foreign exchange and derivatives markets in Hong Kong – showing that Hong Kong ranked as the fifth largest centre for foreign exchange activity and the sixth when OTC interest rate derivatives were also included.
- NFC mobile payment – providing an overview of the Near Field Communication (NFC) mobile payment market in Hong Kong and a recap of recent developments such as completion of the HKMA consultancy study in early 2013 and promulgation of common standards and guidelines for the industry this November.
This issue also carries the regular articles on the global and local economy, and the banking environment.
The Quarterly Bulletin can be viewed on and downloaded from the HKMA website.
Hong Kong Monetary Authority
23 December 2013