Regional co-operation and micro and macro supervision are key to EMEA financial stability
Extra prudential pillars must bolster Basel pillars in Asian markets, says HKMA deputy chief executive.
Though ensuring the soundness of individual banks is essential to financial stability, macro supervision and regional co-operation must not be overlooked, said the deputy chief executive of the Hong Kong Monetary Authority (HKMA).
Speaking to the International Monetary Fund on the Korean financial supervisory commission, William Ryback stressed that the Basel II pillars will improve the region’s collective financial systems. However, Ryback stated that two additional pillars are essential for
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