12
WEDNESDAY, NOVEMBER 16, 1988
HE NOTED THAT THE GOVERNMENT
INDEPENDENT TRIBUNAL TO
HEAR
BELIEVED UNDER APPEALS WOULD PRESENT A NUMBER OF DIFFICULTIES.
THAT THE IDEA OF AN THE
ORDINANCE BANKING
"AN INDEPENDENT TRIBUNAL WOULD NORMALLY BE AN APPEAL DE NOVO, HE SAID.
"IT
COULD
**
REVERSE A
DECISION
EMPOWERED TO HEAR
BASED ON SOUND POLICY CONSIDERATIONS. THIS COULD RESULT IN THE WHOLE POLICY BEING CHANGED.
BACKGROUND
"SUCH A TRIBUNAL WOULD BE UNLIKELY TO POSSESS FULL INFORMATION IN RELATION TO THE FORMATION OF THE POLICY CONCERNED, MIGHT NOT BE IN A POSITION TO PERCEIVE THE WIDER IMPLICATIONS OWN DECISION."
HOWEVER,
MR
JACOBS
SAID
THAT THE
GOVERNMENT
AND
OF ITS
WAS ALWAYS MATTERS OF
RECENT STUDY BY
PREPARED TO CONSIDER THE VIEWS OF THE BANKING INDUSTRY ON THIS KIND, AND THE REVIEW WAS MADE IN RESPONSE TO A THE HONG KONG ASSOCIATION OF BANKS.
"THIS REVIEW WILL ALSO COVER THE PROCEDURES CONCERNING
HE CONTINUED. FROM DECISIONS ON CAPITAL ADEQUACY RATIOS,
"IN RELATION TO CAPITAL ADEQUACY RATIOS, THE BANKING
PRUDENT LEVELS OF CAPITAL PROVISIONS REQUIRING MINIMUM FORCE ON SEPTEMBER 1 THIS YEAR.
APPEALS
ORDINANCE INTO
CAMB
ANY WISH ΤΟ APPEAL "NO AUTHORISED INSTITUTION HAS INDICATED AGAINST THE MINIMUM CAPITAL ADEQUACY RATIOS ASSIGNED."
IN
HONG KONG HONG KONG
AS TO CONCERNS THAT THE CAPITAL ADEQUACY RATIOS
THEREBY PUTTING MIGHT BE SET ABOVE INTERNATIONAL LEVELS,
JACOBS SAID:
IS "THERE
AB MR
YET NO A DISADVANTAGE, BANKS AT
EVEN IF THERE WERE AND OUR INTERNATIONAL STANDARD, IN FORCE, BUT
BE UNDULY * LEVELS WERE SOMEWHAT HIGHER, I DO NOT THINK THAT WE SHOULD WORRIED."
GAIN ΤΟ MEASURE UP
AS AN INTERNATIONAL BANKING CENTRE, HONG KONG HAD MUCH TO FROM SHOWING THE WORLD THAT ITS BANKS HAD THE ABILITY TO THE HIGHEST STANDARDS, MR JACOBS ADDED.
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