Hong Kong reveals list of systemically important banks

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Hong Kong reveals list of systemically important banks

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Panoramic view of Hong Kong skyline. China. | Luciano Mortula/MasterLu - Fotolia

The Hong Kong Monetary Authority (HKMA) has identified five banks it considers to be systemically important to the city’s financial markets. As a result of their new status, these banks will be subject to more onerous capital requirements from 2016.

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