December 13, 2015
When a bomb rocks a transport hub in Hong Kong, one of the densest clusters of banks and brokers on the globe, it is amazing that the city does not descend into financial chaos.
Odder still is how banking business hardly skips a beat when digital infection vines through the computing systems of the biggest lenders here.
Those were, at the very least, the finding from Hong Kong’s first industry-wide test on how banks hold up and push forward with business during a major crisis. The bombs, the cyber attacks and the so-called “anti-capitalist activitsts” were, of course, simulated during the drill. The near-flawless results, however, may underline a sector-wide and even global weakness in finance instead of banker invincibility.