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In the
supervisory guidelines under the new Ordinance.
latter chapter
chapter the Commissioner comments on the improved
health of the banking sector and discusses the Hong
the Hong Kong
Government's policy on providing assistance to troubled
banks. In looking to the future he stresses the importance
of the international dimension of supervision and the need
for good bank management, and assesses the factors which he
considers are likely to have
impact on Hong Kong's
three-tier system (of licensed banks, licensed
existing
DTCs and registered DTCs).
4.
an
During the extensive consultations which led to the
enactment of the Banking Ordinance
Banking Ordinance in 1986 the Hong Kong
banking industry welcomed the idea of an annual report.
The financial community, and the general public, are
therefore likely to welcome ExCo's decision on 17 March
that the Commissioner's report should now be published.
haylan
A M Layden
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