The Hong Kong Monetary Authority (HKMA), together with the Insurance Authority (IA), the Hong Kong Association of Banks (HKAB), the Hong Kong Federation of Insurers (HKFI), and others, jointly organized an industry exchange session on the "Cross-sector Background Check Framework between the Banking and Insurance Industries".HKMA Deputy Chief Executive Arthur Yuen stated that the recently released Global Financial Centers Index once again affirmed Hong Kong's position and advantages as a leading international financial center. Related NewsJPM: Tougher Cross-border Regulation Poses Limited Earnings Risk to Banks and Insurers; Overweight Rating Reiterated on HSBC HOLDINGS, STANCHART, AIA, FWDAs customer expectations continue to rise, whether employees of financial institutions uphold integrity and proper conduct, and implement a "customer-first" corporate culture, directly affects customer and even overall societal confidence in the financial industry.
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