1. BASEL II AND ITS IMPACT ON THE PROPERTY MARKET IN THE HONG KONG SPECIAL ADMINISTRATIVE REGION.
- Author
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Arner, D., Chau, K. W., Hsu, B. F. C., Pretorius, F., Pu, L. F., and Tse, K. S. M.
- Subjects
BASEL II (2004) ,BANKING laws ,FINANCIAL institutions ,BANK management ,CAPITAL investments ,BASLE Accord (1988) - Abstract
The article focuses on the impact of the new Basel Accord, which was agreed by all members of the Basel Committee on Banking Supervision, on the real estate mortgages in Hong Kong, China. The Basel Accord, developed by the Bank for International Settlements (BIS), focuses on capital adequacy requirements and notes that banking institutions should maintain a minimum capital adequacy ration. The city has decided to implement Basel II from January 1, 2007 onwards, in order to maintain its status as an international financial center. The impact of Basel II in the city is derived mainly from the difference between Basel I and Basel II, where banks are to keep more capital for loans with higher risk weights.
- Published
- 2008