HKMA's Topping on improving the management of risk

- Central Banking staff
- 11 Oct 2005

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In the speech 'Improving the management of risk through implementation of Basel II' given on 27 September Simon Topping of the HKMA said although preparations for the implementation of the new capital framework are well advanced in a large number of jurisdictions, including in Hong Kong, the process has not been without its critics.

"It has recently been claimed that too much regulation is now itself the greatest source of risk in the global financial system, and the implication that is supposed

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