HKMA restructures banking department

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The HKMA announced plans to restructure its banking supervision and regulatory function on Thursday, creating a new enforcement department to take over responsibility for securities enforcement and complaints-handling from the banking development department.

The reorganisation is designed to help the central bank manage the complex workload of banking supervision and development work following the 2008 collapse of Lehman Brothers, an investment bank, the central bank said.

"This arrangement will

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