HKMA: Quarterly Bulletin (December 2009)
Research published by the Hong Kong Monetary Authority (HKMA) shows exposure of financial firms in the territory to structured products and credit derivatives remained insignificant in the first half of 2009.
The research also found that the activities were concentrated in a few firms. The surveyed firms generally reduced their holdings of structured products and increased their holdings of high credit quality, non-structured instruments, reflecting lingering concerns over the sustainability of
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