XN000022-1989-12-11 — Page 13

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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