Regulators dodging responsibilty: DP
10-01-2009
The Democratic Party says it's disappointed with two reports released by Hong Kong's top financial regulators on the alleged mis-selling by local banks of Lehman Brothers minibonds. Yesterday, the Monetary Authority and the Securities and Futures Commission released the outcome of their probes and recommended measures to control the way banks sell investment products. However, the Democratic Party is unhappy that the reports had failed to apportion blame. A member of the party, legislator James To, said the two regulatory bodies had dodged responsibilities.
