When it comes to global banking regulation, Hong Kong is in a unique position: 29 of the world’s 30 global systemically important banks (G-Sibs) have operations there, the exception being Nordea, but all of them are headquartered elsewhere. This is why the Hong Kong Monetary Authority, the principal regulator of banks in the territory, has placed cross-border co-operation at the centre of its new framework on bank resolution.
But with regulators around the world diverging on key issues, how
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