search query: @indexterm Hong Kong / total: 440
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| Author: | Shirreff, D. |
| Title: | How tough is enough? |
| Journal: | Euromoney
1997 : FEB, 2, p. 60-64 |
| Index terms: | BANKING REGULATIONS MARKETS HONG KONG SINGAPORE |
| Language: | eng |
| Abstract: | Asia's leading financial centres, Singapore and Hong Kong are competing as gateways to the region. They are learnig to cooperate to keep their markets clean , though they may act too tough. Some bankers fault Singapore's Monetary Authority for responding more like an oracle than a regulator. Also Hong Kong's once laissez faire regime is getting over-paternalistic. Both Singapore and Hong Kong recognize that establishing the right regulatory framework is vital to their growth as a financial centre. Both have worked to achieve the capital adequacy standards for banks set by the Basle Committee on Banking Supervision on credit risk and will do so for market risk in 1998. |
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