Hong Kong Monetary Authority sets up securities enforcement unit

The Hong Kong Monetary Authority (HKMA) plans to restructure its banking supervision and regulatory function, creating a new enforcement department to take over responsibility for securities enforcement and complaints handling from the banking development department.

The reorganisation is designed to help the central bank manage the complex workload of banking supervision and development work following the 2008 collapse of Lehman Brothers, the HKMA said.

“This arrangement will ensure full-time a

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