We Gave Risk Warnings, Says HKMA
Jospeph Yam, ceo of the Hong Kong Monetary Authority today said investors were suitably warned on the risks of buying derivatives products long before Lehman Brothers collapsed, but admitted Lehman minibonds had been marked "high risk" by only eight of the 16 banks investigated.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
