The Office of the Commissioner
17.
thus
Prudential supervision in Hong Kong has
a most diverse industry with
The Office of the Commis-
to
cover
world-wide
interests.
an
sioner has been built up over the years to its
172 present approved establishment of
with 157 in
post at the end of 1986. (Table 8). The Office is currently divided into 4 Divisions each under Assistant Commissioner. One Division is responsible
for policy development and administration and the
other three Divisions consist of the teams respon-
sible for the supervision of related groups of authorised institutions. The key grade below the
Assistant Commissioner is the ten Senior Bank
Examiners who are personally responsible for a group
of institutions and who control the examination
teams which carry out the detailed work. Examina- tions are carried out in Hong Kong and of branches
and subsidiaries overseas.
The examinations
complement the information regarding their business
regularly supplied to the Office
Office by all institu-
tions.
18.
Much emphasis has been placed on training
at all levels. During 1986 one Assistant Commis-
sioner returned from a year's secondment
secondment to Price
Waterhouse in Australia where he was engaged at a
senior level in bank consultancy work. Another Assistant Commissioner had the considerable benefit
of a training programme arranged by Chemical Bank.
9
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