Banking sector risks and challenges

Joseph Yam, chief executive of the Hong Kong Monetary Authority, used a speech at the Hong Kong Institute of Bankers to highlight the current threats faced by the financial sector in the region.

Mr Yam identified five long term issues which firms in Hong Kong will have to address. These are:

* Structural shift in the banking sector
* China risk
* Technology risk
* Diversification risk
* Changing international standards.

Read the full text of his speech at http://www.bis.org/review/r040618f.pdf

•Date: 22nd June 2004 • Region: SE Asia •Type: Article •Topic: Finance sector
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