Regulatory Alerts2008-07-17
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Review of the Hong Kong Monetary Authority’s Work on Banking Stability
The Hong Kong Monetary Authority issued a circular enclosing a consultant's review of its banking stability work, which found no fundamental deficiencies but recommended enhancements to address emerging risks. The review identified key trends affecting the sector, including business integration with the Mainland and the impact of the sub-prime crisis, and proposed specific regulatory and supervisory improvements. The HKMA will conduct a public consultation on these recommendations until the end of October 2008 before formulating a final policy response.
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