Hong Kong ring-fenced assets prior to Lehman Bros collapse

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The Hong Kong Monetary Authority (HKMA) had identified 19 foreign banks whose financial health could have had a negative impact on the Hong Kong banking system prior to the collapse of Lehman Brothers in September last year. At this time, the financial services watchdog moved to ring-fence the assets held by some of these institutions in Hong Kong where possible. It also expressed concerns to local financial institutions about the risks inherent in certain structured credit instruments such a