Hong Kong banks need to focus on local fund-raising strategies to meet Basel III requirements

Meeting Basel III liquidity requirements will mean banks in the Special Administrative Region will need to look locally, according to KPMG

Hong Kong

Banks in Hong Kong will have no choice but to focus on local strategies to raise funding necessary for Basel III's liquidity coverage ratio (LCR) requirements as regulators in the region become more domestically focused, according to Paul McSheaffrey, partner at KPMG China.

During consultancy firm KPMG's launch for its 24th annual Hong Kong bank survey on Wednesday, McSheaffrey stated that the findings of the survey showed slowing activity in the sector, with an uncertain outlook in the near

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