Hong Kong unveils new bill for more resilient banking system
Contributed by NAMPA / Xinhua.
HONG KONG, Oct. 13 (Xinhua) -- The Hong Kong Special Administrative Region (SAR) government unveiled a new bill on Friday to strengthen the resilience of Hong Kong's banking system in accordance with international regulatory standards.
The bill published on the Gazette will be introduced into the Legislative Council for first reading on Oct. 25.
The bill seeks to implement the latest standards promulgated by the Basel Committee on Banking Supervision in relation to financial exposure limits of a ...