HKMA defends stance on fintech
The deputy CEO of Hong Kong’s banking regulator for the first time explains its stance on financial technology. But he voices concerns over potential disintermediation of financial services firms.
As the focus intensifies on the use of financial technology in the investment industry, the Hong Kong Monetary Authority has for the first time publicly set out its stance about this area, revealing certain concerns.
Arthur Yuen, deputy chief executive of the banking watchdog, explained the principles HKMA follows when regulating emerging fintech, suggesting it takes a relatively laissez-faire approach.
Speaking at the Hong Kong Institute of Bankers’ conference on Friday, Yuen v…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.