Hong Kong just filled the best worst job in central banking. As the new head of the HKMA, Eddie Yue is on track to get a salary that puts U.S. Fed chief Jay Powell in the shade. But if problems really escalate, he has fewer tools to fix them, says cbeddor
A security guard walks past a directory board of Hong Kong Monetary Authority in Hong Kong December 20, 2012. Hong Kong's de facto central bank said it is investigating possible misconduct by UBS over its submission of interbank rates, raising the possibility that the bank could face more fines a day after it agreed to pay $1.5 billion for its role in the Libor scandal.
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