26-07-2013, 09:36 PM
HK and Singapore regulators are doing their job, preparing for a coming storm...
HK regulator summons banks as June loan growth jumps
HONG KONG - The Hong Kong Monetary Authority has summoned the city’s banks for meetings after a doubling in the pace of loan growth stoked concerns that credit and funding risks have risen, Bloomberg News reported on Friday.
Bank loans expanded by an annualized rate of almost 40 per cent in June, compared with 20 per cent a month earlier, the regulator said in an e-mailed reply to questions. The HKMA has been talking with lenders to assess the risks associated with the growth and whether it will continue, the regulator said in the e-mail, declining to say when the meetings will be finished.
http://www.todayonline.com/business/hk-r...owth-jumps
HK regulator summons banks as June loan growth jumps
HONG KONG - The Hong Kong Monetary Authority has summoned the city’s banks for meetings after a doubling in the pace of loan growth stoked concerns that credit and funding risks have risen, Bloomberg News reported on Friday.
Bank loans expanded by an annualized rate of almost 40 per cent in June, compared with 20 per cent a month earlier, the regulator said in an e-mailed reply to questions. The HKMA has been talking with lenders to assess the risks associated with the growth and whether it will continue, the regulator said in the e-mail, declining to say when the meetings will be finished.
http://www.todayonline.com/business/hk-r...owth-jumps