Joseph Yam
![Joseph Yam](/assets/img/authors/unknown.jpg)
Joseph Yam
The Honourable Joseph YAM Chi-kwong, GBM, GBS, CBE, JP) is a Hong Kong statistician, economist and civil servant. Since 2011, Yam has been a member of the board of directors of the Swiss Bank UBS AG. In 2014, following UBS AG's restructuring, he was appointed to the board of directors of the UBS Group AG...
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one of the rare examples of a smooth change.
banks dollar funding high interest involved kong paying rate settle suffer
Those banks involved in the speculation will suffer by paying a high interest rate to get the Hong Kong dollar funding to settle the deals.