XN000022-1988-11-16 — Page 14

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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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