Hong Kong hoping for LCR work-around, says HKMA’s Kemp

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Hong Kong's banks should have no difficulty meeting the new capital ratios agreed as part of the Basel III framework, but the territory - like a number of other jurisdictions worldwide - will find it harder to satisfy the framework's liquidity standards as they are currently drafted, says Karen Kemp, executive director for banking policy at the Hong Kong Monetary Authority (HKMA). In an interview with Risk, Kemp says Hong Kong is in the same boat as other markets with large banking sectors re