HKMA presses on with Lehman Brothers cases

lehman-brothers

The Hong Kong Monetary Authority (HKMA) has said it has so far received 21,761 complaints about Lehman Brothers products, of which 7,727 relate to non-minibond products.

More than 30,000 investors purchased "guaranteed minibonds", which were securities with an embedded credit-risk swap, from Lehman Brothers. When the investment bank collapsed, Hong Kong lenders, including HSBC and the Bank of China agreed to buy the minibonds back, under immense public pressure.

Regarding Lehman Brothers minibon

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: