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FIs should avoid “over-interpreting” regulations: HKMA’s Norman Chan

Norman Chan, chief executive of the Hong Kong Monetary Authority (HKMA), has suggested that financial institutions avoid “over-interpreting” regulations and collaborate with regulators to develop a risk management framework tailored to the Hong Kong market. During his keynote speech at the Treasury Markets Summit earlier this week, Chan said Hong Kong has “successfully developed itself into a risk management hub”…

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