Guideline 2.2: Consolidated Supervision

Hong Kong Monetary Authority Guideline 2 . 2 ·- D T R Carse OBE JP AA~ ti OBE, JP Deputy Chief Executive liiff!JJ1& Our Ref: CB/POU4/5 Bl/15C (96) The Chief Executive AU authorised institutions Dear Sir/Madam, The Supervision of Cross-border Banking 18 October 1996 \ \ The Basie Committee on Banking Supervision has released on 8 October a report on the Supervision of Cross-border Banking. With a view to ensuring the soundness of individual credit institutions and the stability of the financial system as a whole, the report contains recommendations which are aimed to strengthen the supervision of the cross-border operations of international banks. The Basie Committee has requested national supervisors to supply copies of the report to their banks and other interested parties; I am, therefore, enclosing a copy of the report for your information. · y 0urs faithfully, D TR Carse Deputy Chief Executive Encl c.c. Secretary for Financial Services Commissioner for Nacortics Securities and Futures Commission Office of the Commissioner of Insurance Office of the Privacy Commissioner for Personal Data Hong Kong Association of Banks Deposit-taking Companies Association Hong Kong Society of Accountants Auditors of authorised institutions 50th Floor S Garden R.oacl Hoag Koag Telephone (85Z) !878-1688 Facsimile (85Z) %878-1690 Internet dcane@hk.super.net Telex 74776 XFUND HX --~■ -31t30tl CM(852) 28'7Prl688 X1W~852) 287Prl6~n.m HX ill'1iiU1U&dcarae@hk.saper.net cm.tt~74776 Ar u• .. .,