17.04.2014 - HKMA remains vigilant in 'unstable' environment
Hong Kong and emerging markets will likely face continued capital outflows given tapering by the US Federal Reserve and the gradual normalisation of interest rates from a very low level, the top official of the Hong Kong Monetary Authority said. "In the face of the expected unstable financial and investment environment in 2014, the HKMA will continue to closely monitor market developments to help safeguard monetary stability, and require banks to step up the management of interest rate, liquidity and credit risks," HKMA chief executive Norman Chan tak-lam wrote in the annual report..............................................Full Article: Source
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