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Hong Kong’s de facto central bank reached out to retail banks on Friday for input on how lenders and their customers should share responsibility for losses when the customers fall victim to scams, as such cases continue to rise in the city. The Hong Kong Monetary Authority (HKMA) sent out a refined proposal of a “responsibility framework” that aims to guide banks on handling customer claims for losses when customers have been tricked into authorising payments to scammers, according to Arthur... Economics
