TNAG-1649-FCO40-2296-Hong-Kong-Commissioner-of-Banking-s-annual-report-for-1986--1987 — Page 63

Commissioner

powers to

guidance

of

authorised

consultation with the

Independent

issue guidelines for the institutions and, after

Advisory Committees, the

Commission Against Corruption and the

Associations, it was decided that the guideline

procedure would be best suited to this matter. On

28 th November, 1986, the first guideline under the

new Ordinance was published on the subject of a code

of conduct for bank staff.

37.

The need for authorization of controllers

and directors has caused much detailed work.

Up to

31st December, 1986, 227 authorizations had been

issued.

38.

In the

course of 1986, examinations were

carried out of 56 banks and 139 deposit-taking

companies in Hong Kong and of 3 banks overseas. In addition a great deal

a great deal of examination time has been

occupied assisting the Commercial Crime Bureau and

the I.C.A.C. in their investigation of cases

reported to them by the Commissioner on the

completion of earlier examinations. (Paragraph 45

below also refers.)

39.

In October, 1986, the Commissioner

attended the 4th International Conference of Banking

Supervisors which studied the implementation of the

Concordat on supervision.

There were separate

20