HKMA measures cost of regulatory reform
Regulatory reform would bring a net positive long-term effect for the Hong Kong economy, research published by the Hong Kong Monetary Authority (HKMA) on Monday finds.
The HKMA says that its assessment is largely consistent with the overall assessment for selected economies by the Basel Committee on Banking Supervision. However, the net benefit for Hong Kong is estimated to range from 2.11% to 2.76% (in terms of real GDP) compared with the average estimates of 4.30% to 5.85% by the Basel
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