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Hong Kong Monetary Authority to Host High-Level Meetings on Banking Supervision

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Hong Kong Monetary Authority to Host High-Level Meetings on Banking Supervision

It is reported that the Hong Kong Monetary Authority (hereinafter referred to as the HKMA) will hold two high-level meetings in late March that mainly invite representatives of the central bank and regulators to attend, including the Basel Committee on Banking Supervision (BCBS) meeting held in Hong Kong from March 22 to 23, and a seminar held in Hong Kong with the Bank for International Settlements (BIS) on March 24. Yu Weiwen, the president of the HKMA, said that the seminar on “banking supervision in an era of innovation and keeping pace with the times” jointly organized by the HKMA and BIS was the first international conference on financial supervision after the resumption of Hong Kong’s normal operation. More than 100 leaders of central banks, regulators and financial institutions will be invited to attend the seminar to discuss forward-looking issues related to the banking industry, including how regulators and banks respond to the rapidly changing financial environment, the future development of cryptocurrency, etc. (Radio Hong Kong website)

The Hong Kong Monetary Authority will hold two international conferences on financial supervision in late March, including the future development of cryptocurrency

Analysis based on this information:


The Hong Kong Monetary Authority (HKMA) has announced that it will host two high-level meetings in late March that will focus on banking supervision. The first meeting is the Basel Committee on Banking Supervision (BCBS) meeting, which will be held in Hong Kong from March 22 to 23. The second meeting is a seminar jointly organized by the HKMA and the Bank for International Settlements (BIS) on March 24. The seminar will discuss issues related to banking supervision in an era of innovation and keeping pace with the times.

The HKMA President, Yu Weiwen, announced that the seminar would be the first international conference on financial supervision after the resumption of Hong Kong’s normal operation. According to him, more than 100 leaders of central banks, regulators, and financial institutions will be attending the seminar. The discussions will be forward-looking and will center on how regulators and banks should respond to the rapidly changing financial environment, the future development of cryptocurrency, and other related issues.

The BCBS meeting will likely focus on the implementation of Basel III, a set of regulatory standards that were introduced in response to the 2008 financial crisis. The implementation of Basel III has been a challenge for many countries, and the BCBS is expected to discuss the progress made in this regard. Additionally, the BCBS may address other issues related to banking supervision, such as the increasing use of technology, the risk of cyberattacks, and the need for better data collection and analysis.

The seminar, jointly organized by the HKMA and the BIS, will likely be more focused on the future of banking supervision. With the rapid development of technology, it is critical that regulators and banks keep pace and adopt new approaches to supervision. The seminar may address issues such as the role of artificial intelligence in banking supervision, the use of blockchain technology, and the risks and opportunities presented by cryptocurrencies.

In summary, the two high-level meetings hosted by the HKMA are indicative of the importance placed on banking supervision in Hong Kong. The BCBS meeting and the seminar jointly organized by the HKMA and the BIS will provide an opportunity for regulators, central banks, and financial institutions to exchange ideas and discuss some of the most pressing issues facing the global banking industry.

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