Approach taken by Hong Kong Monetary Authority

Posted in www.theonlinecitizen.com

14)--> Lucky Tan on September 24th, 2008 11.22 am

It is interesting to watch how Hong Kong respond to the Lehman Minibond issue vs Singapore.
In HK, the authorities have set up direct hotlines to register complaints and lawmakers are preparing to take action against the banks. In Singapore, MAS issue a statement asking individual investors to go sort it out with the banks themselve - its like a “please don’t bother me attitude”.