Hong Kong supervisory framework needs further strengthening – IMF
Growth outlook has deteriorated but banking sector well positioned, says fund
The International Monetary Fund has commended the Hong Kong authorities for implementing new measures to combat financial stability risks, but says more should be done to strengthen the supervisory framework.
In a statement published on December 30, the IMF noted economic activity in Hong Kong had “deteriorated significantly” as a result of trade tensions and the global growth slowdown, combined with the impact of political protests.
And while the fund was confident banks would be well
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