TUESDAY, JUNE 19, 1990
NEW COMPUTER SYSTEM FOR BANKING COMMISSION
* * *
WITH DIGITAL THE GOVERNMENT TODAY (TUESDAY) SIGNED A CONTRACT
ENHANCED COMPUTER SYSTEM EQUIPMENT CORPORATION FOR THE SUPPLY OF AN FOR THE OFFICE OF THE COMMISSIONER OF BANKING (OCB).
OCB'S ENABLE
THE
MILLION, WILL THE COMPUTER SYSTEM, BOUGHT AT THE PRICE OF $25
THE CURRENT DEVELOPMENT OF THE PROVIDE TECHNICAL BACKUP TO STRATEGY OF BROADENING ITS RANGE OF SUPERVISORY TECHNIQUES AND
ΤΟ
WITH THE OCH
COPE
THE ADDITIONAL WORKLOAD GENERATED BY IMPLEMENTATION OF THE BASLE AGREEMENT ON CAPITAL CONVERGENCE.
THE
OR
80
IMPROVE THE 400
WHEN FULLY OPERATIONAL NEXT YEAR, THE SYSTEM WILL CAPABILITY OF THE OCB TO SUPERVISE THE ACTIVITIES OF BANKS AND DEPOSIT-TAKING COMPANIES OPERATING IN HONG KONG.
AND
DATA OF TRENDS,
It
ANALYSE THE "IT IS ESSENTIAL TO BE ABLE TO SORT AND THESE INSTITUTIONS SO THAT WE CAN IDENTIFY DEVELOPMENTS THE COMMISSIONER OF BANKING, MR TONY NICOLLE, SAID.
ANALYSIS OF THB ALTERNATIVE TO THE
USE OF OFF-SITE THE OCB IS MAKING GREATER INSTITUTIONS' FINANCIAL DATA AS A SUPPLEMENT AND TRADITIONAL ON-SITE EXAMINATIONS.
TO "WE HAVE BEEN TRYING
BLEND OUR TRADITIONAL APPROACH OF MR NICOLLE ON-SITE EXAMINATIONS WITH NEW TECHNIQUES IN EXAMINATION, SAID.
NEW
SYSTEM
WILL ARBAS SUCH AREAS, HE
OF "ANALYSIS
FINANCIAL DATA,
WHICH THIS PROVIDE, WILL GREATLY ENHANCE OUR ABILITY TO IDENTIFY POTENTIAL OF CONCERN, SO HELPING US FOCUS OUR EXAMINATIONS ON ADDED.
11
SYSTEM 19 TO
ANOTHER OBJECTIVE OF ACQUIRING THE NEW COMPUTER STREAMLINE THE PROCESSING OF ALL BANKING AND MONETARY STATISTICS.
THE NEW SYSTEM WILL ENABLE OCB TO TAKE OVER THE ARE NOW BEING COLLECTED MONETARY STATISTICS WHICH SEPARATELY IN THE MONETARY AFFAIRS BRANCH.
PROCESSING OF
AND PROCESSED
BRANCH, WE HAVE STATISTICAL BURDEN ON THE
THE MONETARY AFFAIRS "IN CONJUNCTION WITH
ΤΟ STREAMLINE AND SIMPLIFY THE TAKEN THE OPPORTUNITY RETURNS
ΤΟ REDUCING THE REPORTING
WITH A VIEW INSTITUTIONS, MR NICOLLE SAID.
H
VAX 6000 то
INTERFACE
THE COMPUTER SYSTEM CONFIGURATION INCLUDES A DIGITAL
AND OF STORAGE 5.9 GIGABYTES 430 COMPUTER, HARDWARE ENCRYPTION/DECRYPTION DEVICE.
MODEL
ACTING SIGNED THE INFORMATION
EQUIPMENT
ATTENDING THE SIGNING CEREMONY WITH MR NICOLLE WERE THE
LAM, WHO DIRECTOR OF GOVERNMENT SUPPLIES, MR BILLY C.L.
ON
OF OF THE GOVERNMENT: CONTRACT
BEHALF
DIRECTOR TECHNOLOGY, DR COLIN GREENFIELD; GENERAL MANAGER OF DIGITAL
GRAHAM LONG; AND CHIEF EXECUTIVE OFFICER HONG KONG LIMITED, MR J. OF ORACLE SYSTEMS HONG KONG LIMITED, MR RICK HESS.
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