| Journal Call no. | HG1302.Q37 |
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| Author | Yam, Josph. |
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| Article Title | Regulatory aspects of product innovation in banking : the Hong Kong perspective / Joseph Yam. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.6, Feb 1996, p.29-34. |
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| Abstract | Innovation and diversification in banking are driven by changes in customers' needs, technological advancement and changes to regulation. They bring new risks which challenge both managers and supervisors. The Hong Kong Monetary Authority's approach is not to impede these changes but to ensure that risks are being prudently managed. The introduction of a Code of Banking Practice is being considered. The Hong Kong Monetary Authority and Securities and Futures Commission are strengthening their co-operation in the supervisory area. |
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