Hong kong credit rating agency regulation
16 Sep 2019 Time to take a deep look at concerns raised by rating agencies On the pulse. Hong Kong authorities cannot dismiss the remarks of global credit rating will present greater institutional and regulatory challenges over time.”. 21 Jun 2019 European Commission Updates Credit Rating Agencies Regulation and Hong Kong confirm the equivalence of such countries' credit rating 7 Sep 2019 The credit-rating agency lowered Hong Kong's long-term imply "greater institutional and regulatory challenges over time," Fitch said. Months 11 Jul 2019 Fund managers look beyond Hong Kong as instability bites · Credit data: falling default risk for A local credit rated AAA in China may be ranked in the range between A and BBB+ in the Fund managers hope the rating agency will eventually offer mapping, particularly global asset More on Regulation 25 Oct 2012 According to the cooperation terms between Hong Kong SFC and Europe Market and Regulation Committee, the credit rating released by 12 May 2014 Regulation (EU) No 462/2013 of the European Parliament and of the (ICASs), which offer an alternative to credit rating agencies for Australia, Brazil, Canada, France, Germany, Hong Kong, India, Italy, Japan, Korea,
17 May 2016 SECTION: FROM THE EIGHTH BIENNIAL CONFERENCE OF THE HONG KONG ECONOMIC ASSOCIATION. Credit Rating Agencies: An Analysis Through the Lenses of Industrial Organization, Finance and Regulation.
Get Advanced Credit Reports from Hong Kong’s Leading Agency Be intelligent about the way you invest your time, resources and money with the help of CBI. In the wake of the financial crisis, companies are more careful than ever before about who they choose to do business with. HONG KONG - Hong Kong will start to license and regulate credit rating agencies (CRAs) and their rating analysts from June 1, said the Securities and Futures Commission (SFC), the city's Commenting on today’s announcement by the European Securities and Markets Authority (ESMA) that credit rating agency regulation in US, Canada, Hong Kong and Singapore is in line with European rules, Mark Bearman, a director at the Association for Financial Markets in Europe (AFME) said: multilateral international agency all with the highest possible credit rating determined by a credit rating agency a pproved by the Mandatory Provident Fund Schemes Authority (“the Authority”). 2. Section 7(2) of Schedule 1 to the Regulation provides that the funds of a constituent fund of a registered scheme may be invested in, inter alia, Hong Kong of an authorized financial institution incorporated outside Hong Kong unless the short-term debt securities (less than one year) issued by the institution meet at least one of the following credit ratings, determined by the respective approved credit rating agencies. Approved Credit Rating Agency Minimum Credit Rating Fitch Ratings F1 HONG KONG (AP) — Chinese credit rating company Dagong launched a new venture with Russian and U.S. partners on Tuesday to challenge the dominance of the major rating agencies that were blamed Mexico, Singapore with the EU regulatory regime for credit rating agencies. (Regulation (EC) No. 1060/2009 of the European Parliament and the Council on credit rating agencies1). On 9 October 2012, the European Commission published an equivalence decision on US, Canada and Australia. The same decision has been taken on 28 October 2010 on Japan.
Mexico, Singapore with the EU regulatory regime for credit rating agencies. (Regulation (EC) No. 1060/2009 of the European Parliament and the Council on credit rating agencies1). On 9 October 2012, the European Commission published an equivalence decision on US, Canada and Australia. The same decision has been taken on 28 October 2010 on Japan.
“Private ratings” refer to credit ratings prepared pursuant to a request made by a person which are exclusively prepared for, and provided to, the person and that are neither intended for dissemination to the public or distribution by subscription, whether in Hong Kong or elsewhere, nor reasonably expected to be so disseminated or distributed. Based on European Securities and Markets Authority's technical advice and its own internal assessment, the Commission considers that the Hong Kong legal and supervisory framework for credit rating agencies (CRAs) satisfies the conditions laid down in the second subparagraph of Article 5(6) of Regulation (EC) No 1060/2009 on credit rating agencies (the CRA Regulation) and continues to be considered equivalent to the legal and supervisory framework established by Regulation (EC) No 1060/2009. SINGAPORE, April 25 (Reuters) - Hong Kong is to bring in new regulation for credit rating agencies on June 1, requiring them and their analysts to be licensed by the city’s securities regulator. The move follows the agreement by the Group of 20 leading economies to step up supervision Under the new regime, CRAs and their rating analysts who provide credit rating services in Hong Kong are required to be licensed for Type 10 regulated activity under the Securities and Futures Ordinance (SFO) and are subject to supervision by the SFC. “We believe that the licensing and regulation of credit rating agencies in Hong Kong is in the public interest and will bring Hong Kong’s regulatory regime in line with international developments in this area,” said Mr Martin Wheatley, the SFC’s Chief Executive Officer. Hong Kong will start to license and regulate credit rating agencies (CRAs) and their rating analysts from June 1, said the Securities and Futures Commission ( SFC). Hong Kong to regulate credit
Under the EU Regulation and related legislation, credit ratings issued or are usable for certain regulatory purposes in the UK under the Credit Rating Agencies endorsable jurisdictions: Argentina, Australia, Brazil, Canada, Hong Kong,
In keeping with the recent global trend towards subjecting credit rating agencies (CRAs) to enhanced regulatory oversight, Hong Kong's Securities and Futures Commission (SFC) has announced a
6 Sep 2019 Global credit rating agency Fitch downgraded Hong Kong's long-term will present greater institutional and regulatory challenges over time.".
multilateral international agency all with the highest possible credit rating determined by a credit rating agency a pproved by the Mandatory Provident Fund Schemes Authority (“the Authority”). 2. Section 7(2) of Schedule 1 to the Regulation provides that the funds of a constituent fund of a registered scheme may be invested in, inter alia, Hong Kong of an authorized financial institution incorporated outside Hong Kong unless the short-term debt securities (less than one year) issued by the institution meet at least one of the following credit ratings, determined by the respective approved credit rating agencies. Approved Credit Rating Agency Minimum Credit Rating Fitch Ratings F1 HONG KONG (AP) — Chinese credit rating company Dagong launched a new venture with Russian and U.S. partners on Tuesday to challenge the dominance of the major rating agencies that were blamed Mexico, Singapore with the EU regulatory regime for credit rating agencies. (Regulation (EC) No. 1060/2009 of the European Parliament and the Council on credit rating agencies1). On 9 October 2012, the European Commission published an equivalence decision on US, Canada and Australia. The same decision has been taken on 28 October 2010 on Japan. Non-EU Credit Rating Agencies If a non-EU CRA wants its ratings to be used for regulatory purposes in the EU (i.e. by EU financial institutions) the CRA Regulation provides for two alternatives, certification or endorsement.
Credit ratings agency Fitch downgraded Hong Kong's long-term foreign-currency issuer default rating from "AA+" to "AA" on Friday, citing protracted turmoil in the city for its negative outlook. In keeping with the recent global trend towards subjecting credit rating agencies (CRAs) to enhanced regulatory oversight, Hong Kong's Securities and Futures Commission (SFC) has announced a