| Date
| Context
| Summary of development
| Action
|
|---|
| 5.7.04 | FA
| The Panel discussed with the Administration on -
| the new capital adequacy standards for banks (variously known as "the New Basel Capital Accord" and "Basel II") issued by the Basel Committee on Banking Supervision; and the
| | Hong Kong Monetary Authority's plans to implement Basel II in Hong Kong. | | |
[Paper] |
|
| 6.12.04 | FA
| The Panel discussed with the Administration on the proposed amendments to the Banking Ordinance for implementing Basel II in Hong Kong. The Administration intended to introduce the Banking (Amendment) Bill 2005 into LegCo in the second quarter of 2005. [Paper] [Background brief prepared by the Secretariat] |
|
| 4/05
to
7/05
| BC
| The Administration introduced the Banking (Amendment) Bill 2005 into the LegCo on 6.4.05 and a Bills Committee was formed on 8.4.05 to scrutinize the Bill.
The Bills Committee held 4 meetings. [Bills Committee on Banking (Amendment) Bill 2005]
The Bills Committee reported its deliberations to the House Committee on 17.6.05. [Report]
The Council passed the Bill on 6.7.05. [Hansard "Page 168"] |
|
| 4.5.06 | FA
| The Panel discussed with the Administration on the progress of preparations for the implementation of Basel II in Hong Kong, including the preparation of draft Capital Rules and Disclosure Rules which are subsidiary legislation subject to negative vetting by the LegCo. [Paper] [Powerpoint presentation material] [Background brief] [Follow-up paper] [Letter from Clerk to Panel] [Reply from the Secretary for Financial Services and the Treasury]
The Hong Kong Monetary Authority (HKMA) released the following Rules for public consultation:
|
|
