The International Finance Centre building (tallest, at right) is seen from the Star Ferry pier at Tsim Sha Tsui in Hong Kong on Sept 15, 2022. (PHOTO / AFP)
HONG KONG – Hong Kong will hold two high-profile international financial regulatory conferences in late March, the Hong Kong Monetary Authority (HKMA) announced on Monday.
Eddie Yue, chief executive of the HKMA, said this not only highlights Hong Kong's status as an international financial center, but also underlines its contribution to maintaining global financial stability
The HKMA will organize the Basel Committee on Banking Supervision (BCBS) meeting on March 22-23, and a joint conference with the Bank for International Settlements (BIS) on March 24.
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The BCBS meeting in Hong Kong will be the committee's first physical meeting outside of Basel, Switzerland since COVID-19 broke out in 2020.
Eddie Yue, chief executive of the HKMA, said this not only highlights Hong Kong's status as an international financial center, but also underlines its contribution to maintaining global financial stability.
The HKMA-BIS joint conference on March 24, with the theme of "Future-proof Supervision for an Innovative Banking World," will be Hong Kong's first international meeting for the global financial regulatory community since its return to normal, Yue said, adding that it will also be the first of a series of celebration events for the HKMA's 30th anniversary.
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Over 100 representatives from global central banks and supervisory authorities, as well as leaders of financial institutions, will be invited to attend the conference.
Participants will discuss forward-looking issues for the banking industry including how supervisors and banks can cope with an ever-changing financial environment and the future development of crypto assets.