XN000022-1987-09-29 — Page 3

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TUESDAY, SEPTEMBER 29, 1987

THE PROPOSED ACADEMY WILL HAVE ITS OWN HOME WITH THE NECESSARY A FACILITIES. IT WILL BE A THREE-TIER STRUCTURE: THE ACADEMY ITSELF, NUMBER OF SUPPORTING

COLLEGES, EACH WITH A NUMBER OF SPECIALITY BOARDS, COVERING A TOTAL OF ABOUT 50 SPECIALITIES.

SPECIALITY

THE WORKING PARTY IS CONTINUING ITS DISCUSSIONS ON SEVERAL IMPORTANT SUBJECTS, INCLUDING FINANCIAL IMPLICATIONS, FOR INCLUSION IN ITS FINAL REPORT SCHEDULED TO BE SUBMITTED то THE GOVERNMENT IN OCTOBER NEXT YEAR.

A SERIES OF OPEN MEETINGS FOR DOCTORS ARE BEING HELD TO INTRODUCE THE INTERIM REPORT. INTERESTED PARTIES CAN SUBMIT THEIR COMMENTS IN WRITING TO THE CHAIRMAN OF THE WORKING PARTY ON POSTGRADUATE MEDICAL EDUCATION AND TRAINING, SUNNING PLAZA, HYSAN AVENUE, CAUSEWAY BAY, HONG KONG.

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BANKS' AND DTCS' CAPITAL ADEQUACY

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ALL HONG KONG NOTIFY THEM THAT ORDINANCE 1986

THE BANKING COMMISSION HAS WRITTEN TO INCORPORATED BANKS AND DEPOSIT-TAKING COMPANIES TO THE NEW CAPITAL ADEQUACY RATIO SET OUT IN THE BANKING WILL BE COMING INTO FORCE NEXT SEPTEMBER.

BE REQUIRED OF FIVE PER 10 PER CENT FOR

LOCALLY INCORPORATED AUTHORISED INSTITUTIONS WILL TO MAINTAIN MINIMUN LEVELS OF CAPITAL, WITHIN THE RANGE CENT TO EIGHT PER CENT FOR BANKS, FIVE PER CENT TO DEPOSIT-TAKING COMPANIES (DTC).

WILL

BE

FOR

THE MINIMUM APPLICABLE TO INDIVIDUAL INSTITUTION DETERMINATION ON A CASE BY CASE BASIS BY THE BANKING COMMISSION.

A SPOKESMAN FOR THE BANKING COMMISSION TODAY (TUESDAY) MAINTAIN MINIMUM EXPLAINED THAT THE RATIO REQUIRED BANKS AND DTCS TO LEVELS OF CAPITAL FUNDS

PROPORTION ΤΟ THE AMOUNT OF BUSINE99

UNDERTAKEN.

IN

AND

"HITHERTO THE PRINCIPAL LEGISLATIVE REQUIREMENT FOR BANKS'

BEEN THE DTCS' CAPITAL HAS

MINIMUM THRESHOLD NEEDED FOR INITIAL AUTHORISATION.

IMPORTANT "MINIMUM CAPITAL REQUIREMENTS ARE AN THE PUBLIC, SINCE THEY REQUIRE INSTITUTIONS BEFORE THEY ARE ALLOWED TO

DEPOSITS;

IS

THE

SAFEGUARD FOR

то HAVE SOME SUBSTANCE BUT THE MORE IMPORTANT CAPITAL ADEQUACY RATIO,

TAKE MEASURE OF BALANCE SHEET SOUNDNESS WHICH THE 1986 BANKING ORDINANCE ESTABLISHED, THE SPOKESMAN SAID.

BANKS AND DTCS HAVE BEEN GIVEN A TWO-YEAR PERIOD TO THE NEW REQUIREMENTS.

ADJUST

ΤΟ

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