Rattled by ‘reg rage’

karenkemp-hkma

At the Asia Risk Congress 2009, Karen Kemp, executive director in the banking policy department at the Hong Kong Monetary Authority (HKMA), told delegates: “2010 will be a key year in determining the appropriate balance of regulation, and addressing the weaknesses exposed by the crisis.”

The central question now is where a balance will be struck, Kemp said. On the one hand, conservative governments could indulge in what she called “reg rage” – introducing too-punitive rules in the pursuit of

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