HKMA’s Lau lays out strategy for regulating OTC derivatives


Edmond Lau, an executive director at the Hong Kong Monetary Authority, on Tuesday said regulation of over-the-counter derivatives in Hong Kong will need to be aligned with international standards but also take into account domestic factors.

At the 2011 Isda Annual Conference: Shaping the Future of Derivatives in Hong Kong, Lau said: "Given the relatively smaller size of Hong Kong's OTC derivatives market, we are mindful that we cannot be the leader in the reform process but at the same time, we

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