Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), is urging financial institutions to prepare for the impact of AI on the banking sector. The HKMA is encouraging banks to develop manpower strategies and training programs to help employees adapt to technological advancements. Some financial institutions have already re-skilled their staff, with 2% transitioning into new roles after training. The HKMA plans to conduct a study on the extent of AI's impact on job roles within banking to better support affected employees.