The regulators help protect the financial system from risk - but who focuses on its returns? The Financial Services Development Council (FSDC) represents the closest thing to an investment promotion agency. Our research finds that it should become a statutory body, with clear administrative goals, powers and accountability. Photo: Bloomberg
Hong Kong needs financial reform to weather future financial crises and regain its lost lustre
Legislators' marginal tinkering has led to steady deterioration of city's status in world banking
The regulators help protect the financial system from risk - but who focuses on its returns? The Financial Services Development Council (FSDC) represents the closest thing to an investment promotion agency. Our research finds that it should become a statutory body, with clear administrative goals, powers and accountability. Photo: Bloomberg