The Hong Kong Monetary Authority will hold two international conferences on financial supervision in late March, including the future development of cryptocurrency

It is reported that the Hong Kong Monetary Authority (hereinafter referred to as the HKMA) will hold two high-level meetings in late March that mainly invite representatives of the central bank and regulators to attend, including the Basel Committee on Banking Supervision (BCBS) meeting held in Hong Kong from March 22 to 23, and a seminar held in Hong Kong with the Bank for International Settlements (BIS) on March 24. Yu Weiwen, the president of the HKMA, said that the seminar on “banking supervision in an era of innovation and keeping pace with the times” jointly organized by the HKMA and BIS was the first international conference on financial supervision after the resumption of Hong Kong’s normal operation. More than 100 leaders of central banks, regulators and financial institutions will be invited to attend the seminar to discuss forward-looking issues related to the banking industry, including how regulators and banks respond to the rapidly changing financial environment, the future development of cryptocurrency, etc. (Radio Hong Kong website)

Interpretation of this information:

The Hong Kong Monetary Authority (HKMA) is set to hold two high-level meetings in late March, with a focus on inviting central bank and regulator representatives from around the world. The first meeting is the Basel Committee on Banking Supervision (BCBS) meeting on March 22-23, followed by a seminar on banking supervision co-hosted by the HKMA and the Bank for International Settlements (BIS) on March 24. The theme of the seminar is “banking supervision in an era of innovation and keeping pace with the times”, which will gather over 100 leaders of central banks, regulators, and financial institutions to discuss pertinent issues in the industry.

Yu Weiwen, the president of the HKMA, emphasized that the seminar would be the first international conference on financial supervision since the resumption of Hong Kong’s normal operation. It aims to address forward-looking issues such as how to regulate and respond to the rapidly changing financial environment and the future development of cryptocurrency.

The message indicates that the HKMA recognizes the importance of international collaboration and knowledge-sharing in today’s dynamic financial industry. By organizing these two events, it aims to create an open platform for experts and leaders to exchange ideas and discuss pressing issues related to banking supervision and regulation.