| Abstract | In keeping with the approach of adhering to international standards, the system of banking supervision will no doubt evolve in line with trends in global regulation. This is important in maintaining Hong Kong's role as an international financial centre. Hong Kong, being the host supervisor to around 500 banks from over 40 different countries, relies heavily on the consolidated supervision of the supervisors of those banks abroad. Individual supervisory authorities should build up a relationship of trust which allows for a free two-way flow of information, as the effectivenes of global regulation depends to a large extent on co-operation among regulators. |
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