HKMA’s Chan reviews merits of universal banking
Norman Chan, the chief executive of the Hong Kong Monetary Authority, on Thursday said Hong Kong's central bank favoured a balanced and pragmatic view to addressing the issue of universal banking.
At the Asian Banker Summit 2011, in Hong Kong, Chan said: "Rather than mandating the dismantling of banks' business structure to deal with the potential problems arising from proprietary trading and overly aggressive risk-taking by banks, our preferred response is to ensure the proper risk capture and
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