}
12
MONDAY, DECEMBER 11, 1989
FUNDS APPROVED FOR UPGRADING COMPUTER SYSTEM
UPGRADE
ITS
BY
THE
AND
IS TO THE OFFICE OF THE COMMISSIONER OF BANKING COMPUTER SYSTEM TO COPE WITH THE INCREASED WORKLOAD GENERATED
ON CAPITAL CONVERGENCE BASLE IMPLEMENTATION OF THE OTHER ADDITIONAL WORK, A GOVERNMENT SPOKESMAN SAID TODAY (MONDAY).
AGREEMENT
THE INCLUDING
IT IS ASCERTAINED THAT THE
MORE THAN SUPPORTING
INSTALLATION THE SPOKESMAN SAID.
70
OF
A
"BASED ON CONSULTANTS' STUDIES, OFFICE WILL NEED A
SYSTEM COMPUTER WORKSTATIONS AND A LARGE DATABASE MID-RANGE TO MAINFRAME COMPUTER SYSTEM,
"THE NEW SYSTEM WILL ALSO ENABLE THE OFFICE TO ESTABLISH A MORE ACHIEVE ITS GOAL EFFECTIVE ONGOING PRUDENTIAL SUPERVISION SYSTEM TO OF PROMOTING A SOUND AND STABLE BANKING SYSTEM.
WILL
CENTRALISED PROCESSING OF ALL BANKING
ADDED.
"MOREOVER, WITH THE UPGRADED COMPUTER
ENTERTAIN THE ALSO BR
тез AHLL
ADDITIONAL STATISTICS AND SETTLEMENT'S REQUEST FOR
AND MONETARY
BANK
FACILITIES, THE OFFICE
FOR
INTERNATIONAL
J
STREAMLINE STATISTICS,
'THE HE
THE FINANCE
COMMITTEE
ACCEPTED LAST
WERK
REVISED EXISTING COMPUTER EQUIPMENT IN THE OFFICE
THE
ESTIMATED
AT
ANNUALLY
FINANCIAL IMPLICATIONS OF REPLACING THE
SYSTEM FOR THE PRUDENTIAL SUPERVISION $32 MILLION IN NON-RECURRENT EXPENDITURE AND $4.9 MILLION IN RECURRENT EXPENDITURE.
"TENDERS WILL BE CALLED FOR IN A FEW WEEKS' TIME AND THE SYSTEM
THE SPOKESMAN SAID. IS SCHEDULED TO BE OPERATIONAL BY APRIL 1991,
SUPERVISION
RECOVERED FROM
AS THE NEW SYSTEM WOULD BE MAINLY USED FOR BANKING PURPOSES, THE MAJORITY OF THE COSTS INCURRED WOULD BE LICENCE OR REGISTRATION PEES COLLECTED FROM BANKS COMPANIES, THE SPOKESMAN ADDED.
AND DEPOSIT-TAKING
0
EYE CARE FOR ELDERLY IN MONG KOK
BENEFIT FROM
WILL, MORE THAN 3,000 ELDERLY PEOPLE IN MONG KOK AN EYE CARE CAMPAIGN TO BE HELD BETWEEN DECEMBER 19 AND JANUARY 5.
MONG ROK FESTIVAL 1989-90 THE CAMPAIGN WILL PROVIDE FREE CHECK-UPS AND SPECTACLES FOR THOSE AGED 60 AND OVER.
PART OF THE
1
HONG
IT IS BEING JOINTLY ORGANISED BY THE MONG KOK DISTRICT BOARD
WITHI ASSISTANCE AND THE TUNG WAR GROUP OF HOSPITALS,
FROM THE KONG OPTOMETRIC ASSOCIATION AND THE MONG KOK DISTRICT OFFICE.
/SPEAKING AT