Hong Kong’s de facto central bank on Friday published the conclusions of a public consultation on proposed enhancements to the Banking Ordinance, including measures to strengthen oversight of bank holding companies and give the regulator greater flexibility to appoint outside experts for supervisory work.
The Hong Kong Monetary Authority said the package also includes a set of technical amendments to the Banking Ordinance and other banking-related laws, with the overall aim of improving regulatory clarity and effectiveness while easing compliance burdens.
Respondents to the consultation broadly supported the proposals, the HKMA said, adding that feedback and the authority’s responses are set out in a conclusions paper.
The HKMA said it will continue work on the legislative amendments and is targeting the introduction of an amendment bill to the Legislative Council in 2026.
Business News Asia
