HKMA

He said the HKMA, however, was satisfied that genuine trade transactions were behind the leap.

The loan was organised in the form of a currency swap agreement between the Bank of Thailand and the HKMA at market interest rates.

We in the HKMA see it as an important part of our responsibilities to explain our work as clearly as possible to the general public.

The effectiveness of the IAD shall be part of the accountability review process in the event of any major control failure within the HKMA.

The HKMA reserves the right to close the Centre in case of emergency, or in the interests of safety, or for any other reason.

The HKMA is certainly ready to respond if there appears to be market demand for similar clearing systems for other major currencies.

A spokesman for the HKMA said that additional purchases could continue overnight through the authority's operations in London and New York.

The HKMA has no plan to take such actions in respect of Hongkong Chinese Bank or any other local bank.

He said the fourth accusation was that HKMA was too late in introducing the technical measures to strengthen currency board arrangements.

If any authorized institution encounters an exceptional problem the HKMA stands ready to discuss it .

The HKMA says luxury home prices are now at a historic peak, surpassing their levels after the last great run-up in the mid-1990s.

Resolving the Year 2000 problem was one of the top items of the HKMA's supervisory agenda in 1999.

The HKMA needs to make it clear whether its ultimate aim is to break with the greenback and head for monetary unification with China's yuan.

In fact, a deputy chief executive of the HKMA earns even more than a bureau secretary and a central bank governor of a major country.

The information collected from you will , where appropriate, be referred to the relevant department in the HKMA for follow- up action .

Indeed , we see this as one of the important policy objectives of the HKMA , although this is not spelt out in detail in any legislation .

The views and analysis expressed in the papers are those of the authors, and do not necessarily reflect the position of the HKMA.

This is one of a number of recent initiatives by the HKMA designed to satisfy and further stimulate the growing interest in these subjects.

Third, the HKMA clearly has a responsibility to ensure that the money market functions in an orderly manner.

Giving a brief account of the main points in the HKMA guidance note on business continuity planning.

It may be that the HKMA or other outside parties can assist in the performance of certain functions.

Prior to joining the HKMA he was with the Bank of England and the International Monetary Fund .

The HKMA also established a mortgage corporation to promote monetary and banking stability as well as the growth of the local debt market.

To see a timetable of major events and press releases from the HKMA in the coming four weeks.

The Land Fund is now managed by the HKMA under the direction of the Financial Secretary as a separate portfolio from the Exchange Fund.

The HKMA will take into account the outcome of this investigation in determining what, if any, further supervisory action may be warranted.

The Exhibition Area introduces the main policy objectives of the HKMA and explains how the HKMA carries out its work.

Nevertheless, the HKMA will monitor the situation closely, with a view to ensuring adequate liquidity and smooth functioning of the systems.

The main texts of the regular briefings by the HKMA to the Legislative Council Panel on Financial Affairs are available online .

In case of need, the HKMA also contacts or holds regular meetings with other supervisory authorities to discuss matters of common interest.

It will further show, over time, how the HKMA is adhering to the discipline of a Currency Board system.

The HKMA already plays an informal role in addressing consumer complaints, though we have no powers to settle disputes.

The HKMA is an observer in the Financial Markets Committee of the OECD to monitor developments in international financial markets.

Only those individuals whose names are entered in the HKMA register may engage in regulated activities for a registered institution.

The Centre is operated as a resource for HKMA staff and as an educational and research facility for the public .

Where this is the case, I believe that the Government is already addressing them, although the HKMA has no direct involvement in them.

We sometimes wish that the panels explaining the work and policy objectives of the HKMA receive a little more attention than they do.

The HKMA, however, intervened to make more yuan available through a currency-swap arrangement with the PBOC.

The HKMA is the only central bank known to have activated its swap.

We in the HKMA are responsible for part of this difficult task, specifically in the maintenance of monetary and banking stability.

But it was enough to strengthen the territory's currency to the HK$7. 75 limit for the past four days and forced the HKMA to intervene.

Anecdotal evidence, plus the cash absorbed by the HKMA, suggests there is still precious little secured or unsecured lending.

The document containing full details of the recommendations can be downloaded from the HKMA website at.

These commitments provide important safeguards of the independence of the HKMA in its day-to-day operations.

Nevertheless, the HKMA will closely monitor the impact of this initial relaxation on competition in the banking sector.

The HKMA is an active advocate of central banking co-operation to reinforce regional financial and monetary stability.

Marc Chandler, at Brown Brothers Harriman, says investors are likely to make more money by betting with the HKMA than against it.

Yesterday the HKMA issued a circular to banks on precautions and contingency plans to deal with the outbreak of atypical pneumonia.

He added that the HKMA was not currently contemplating taking action that would lead to this second scenario developing.

Subsequently, the HKMA actively participated in a series of meetings to explore resolutions of the financial crisis.

in its day - to - day operations and in its wider contacts with the community , the hkma pursues a policy of transparency and accessibility.

The HKMA has appointed The Hongkong and Shanghai Banking Corporation Limited as the Settlement Institution.

The HKMA has also been liaising with the financial authorities in the US and UK to take appropriate action in relation to this website.

The research papers are mostly prepared by staff of the External Department of the HKMA who monitor developments in the Mainland economy.

Indeed , some internal work at the HKMA suggests that it is not impossible that deflation will be over by the end of 2004 .

The HKMA is currently considering how the interests of banking customers can best be protected.

The HKMA has also devoted considerable efforts in fostering central banking co-operation to reinforce regional monetary stability.

The HKMA will issue a guideline to set out its view of what constitutes adequate systems of control in this context.

One reason for the HKMA to feel uneasy about property is the sheer scale of leverage that now exists.

The Panel agreed that the issue of governance of HKMA should be discussed at a future meeting.

When markets returned to normal, the HKMA sold these equities for a profit of US$14 billion.

The HKMA is revising its regular survey form and hopes to have more information on this in due course.

The Human Resources Division provides human resources support and associated services to the HKMA.

The HKMA welcomes competition between banks but has reservations about mortgage schemes that might involve a bank in taking excessive risks.

Provide for powers for the HKMA to issue a public reprimand to exempt AIs which have committed misconduct in regulated activities.

The increased focus on "alternative" investments reflects a shift by HKMA, which has traditionally kept its billions in safe liquid assets.

since 1996 , interbank fund transfers have been settled real time through the hkma s real time gross settlement rtgs system.

Figures recently collected by the HKMA show that lending institutions continue to compete actively on price.

And research and contingency planning have become an important part of the work of the HKMA.

An HKMA spokesperson said that the HKMA had for some time been closely monitoring the activities of Delta Asia Credit Limited.

The HKMA places great emphasis on developing staff capabilities to meet operational needs and new challenges.

The HKMA continues to strengthen the banking sectors ability to manage risks and prevent money laundering and terrorist financing.

"The HKMA has unlimited resources to defend the stronger end of the band. "

From time to time, we hear comments that the HKMA runs in automatic gear , which always brings a slightly rueful smile to my face .

The HKMA does not set any standards on the type and level of fees that Recognised Dealers may charge for providing the tender service.

The activity is a part of the overall education campaign launched by the HKMA.

The intellectual property rights to all original materials in the Exhibition Area belong to the HKMA.

HKMA Chief Executive Joseph Yam delivers a speech at the Seminar on Financial Infrastructure held in Beijing .

Mr Joseph Yam, Chief Executive of the HKMA, welcomed the appointment of Mr Tang as Financial Secretary.

We in the HKMA shall do our best to provide a stable monetary and banking environment to facilitate the resolution of these problems.

The HKMA has devoted resources to equip staff with the necessary knowledge and skills to better perform their duties.

The Code is issued jointly by the HKAB and the Deposit-taking Companies Association DTCA with the full endorsement of the HKMA.

It should be noted again that, notwithstanding these efforts, the HKMA does not have an explicit statutory mandate for consumer protection.

All registered institutions and deemed registered institutions are placed under the supervision of the HKMA.

HKMA Information Centre The new HKMA Information Centre opened to the public last week.

A copy of the revised format of the HKMA page and an explanatory note are attached.

The HKMA would continue to monitor the movements of the backing ratio and take action as necessary.

under the note issuance programme , the hkma acts as the arranger , agent and operator for the debt issues.

The HKSCC will collect tender applications from its participants and submit them to the HKMA for processing.

Exchange rate stability under the linked exchange rate system is the primary monetary policy objective of the HKMA.

The HKMA will continue to work closely with the banking industry in developing the rules.

The Panel discussed the research outline on the governance of HKMA prepared by the Research and Library Services Division RLSD.

The HKMA is considering whether any further action is required in relation to this matter.

The HKMA will continue to monitor closely the banking sector in particular property-related lending.

Other banks interested to join as price providers are welcome to approach the HKMA for further information.

Policies on remuneration for and post-termination employment of senior executives of HKMA.

Early last week the HKMA hosted the seventh meeting of the Financial Stability Forum.

Reproduction and presentations using the materials in the Exhibition Area are prohibited unless prior approval has been given by the HKMA.

new mortgage lending in january maintained its recent recovery , according to the hkma s monthly survey of residential mortgage lending.

The HKMA will meet the full board of directors of each local bank every year.

The HKMA has made use of its existing powers to formulate a guideline on banks complaint handling procedures.

The HKMA will continue to monitor the developments at the international level.

Further, a public forum will be organized for interested parties to share views with the industry and HKMA.

CMU is a debt securities clearing and settlement system operated by the HKMA.

Information about the new series banknotes is available at the HKMA Information Centre and the HKMA website.

The schedule below is a timetable of major events and press releases from the HKMA in the coming four weeks.

Mr Chu joined the HKMA in 1995 as a Senior Manager in the Monetary Operations Division. He was promoted to Head Monetary Operations in 1996.

At the very least, the debate deserves a public airing, rather than the stock response from the HKMA.

The HKMA and CDC will discuss the specific arrangements of the link in due course.

Some members were particularly concerned about the legality of using EF to purchase the premises for HKMA.

The letters are public documents and may be found on the HKMA website.

Mr Chan added that he intended to undertake a study programme overseas after leaving the HKMA.

Another initiative under the HKMA education campaign is the student ambassador programme.

The HKMA paid close attention to authorized institutions? Exposure to the stock market throughout the year.

The publication, which is on sale at the Government Sales Centre, may also be ordered from the Press and Publications Section of the HKMA.

The second consultation paper on deposit insurance provided by HKMA was circulated to the Panel.

If banks can't be politely encouraged to lend, the HKMA must find more drastic ways to make them.

The HKMA will monitor the quality and competence of relevant individuals.

The day-to-day management of the Fund is carried out by the Reserves Management Department of the HKMA.

It is time again next week for us to brief the Financial Affairs Panel of the Legislative Council on the work of the HKMA.

The HKMA is maintaining a watching brief on the actions being taken by individual banks.

The HKMA expects its staff to observe it at all times.

Detailed accounts of the Land Fund are shown for the first time in the HKMA Annual Report .

The work of the HKMA in this respect will of course be accountable to the future DPS Board.

The external managers will be required to vote in accordance with their own proxy voting guidelines previously provided to the HKMA.

The HKMA delegation was led by Mr Joseph Yam , Chief Executive, while the MAS delegation was headed by Mr Koh Yong Guan, Managing Director .

If in doubt, they should contact their banks, said an HKMA spokesperson.

Reference prices for Notes are published daily on HKMA website.

The HKMA manages the official reserves of the HKSAR Government as two separate portfolios, namely the Exchange Fund and the Land Fund.

The HKMA has adopted a three-tier approach in implementing the regime.

Secondly, the HKMA had to reach a consensus with the Consumer Council on how to implement the policy.

Yantai City company is a subsidiary of the HKMA.

The HKMA considers many factors in implementing regulatory initiatives in order to achieve a balance between costs and benefits.

The HKMA may well officially adopt many of the views expressed - but not in every case.

The Quarterly Bulletin, which is on sale at the Government Publications Centre, may also be ordered direct from the HKMA.

The HKMA will proceed with the development of the capital and disclosure rules in consultation with the banking industry.

Mr Yam, who will retire on October 1 after heading the HKMA since 1993, yesterday warned that the world economy remained unsettled.

The HKMA will further work towards identifying clearly that part of the Exchange Fund balance sheet showing Currency Board operations.

You may ask who will ensure that the CCRA participants will observe these rules. The answer is that the HKMA will.

The HKMA and the SFC hold regular meetings under the MOU to discuss matters of mutual interest.

The HKMA declined to comment yesterday.

A variety of HKMA publications may be purchased at the library counter.

HKMA officials and HSBC executives say there is no chance the government will alter the peg.

A successor hasn't yet been publicly named for Mr. Yam, who has been the HKMA's sole head since it was founded in 1993.

The HKMA says the Exchange Fund will also invest some of its foreign exchange reserves in the bond market.

On October 23, the HKMA, the territory's de facto central bank, initiated the first in a series of US dollar purchases totalling US$1. 2bn.

Mr Munn joined the HKMA in 1998 as Senior Manager Corporate Development and served as Head Corporate Development from 1999 to 2005.

Yesterday, the HKMA cut its base rate by 25 basis points to 6 per cent, matching the Fed's overnight move.

These later made a net profit for the HKMA of US$14. 1bn.

Exchange Fund Notes Fixings are reference price for the Exchange Fund Notes published by the HKMA daily.

To help facilitate a better community understanding of money, the HKMA is organising a travelling exhibition entitled Money in Hong Kong.

This is the second overseas representative office of the HKMA.

Ms Leung joined the HKMA in 1994 as Senior Manager.

Under the weak-side Convertibility Undertaking, the HKMA undertakes to sell US dollars at 7. 85.

The Institute is affiliated to the HKMA, and is funded by grants from the Exchange Fund.

The last time the HKMA was an active seller of Hong Kong dollars was 2004, according to its Web site.

In managing the Exchange Fund, the HKMA has taken every care to ensure that the returns are achieved with low risk and minimum volatilities.

Under the strong- side Convertibility Undertaking, the HKMA undertakes to buy US dollars from licensed banks at 7 . 75 .

The Council passed a motion moved by Hon Ambrose LAU urging the Administration and HKMA to expedite the establishment of CCRA in Hong Kong.

Joseph Yam, head of Hong Kong's de facto central bank, will step down from his post in 2009, a senior government official said yesterday.

The settlement of these deals would involve the HKMA debiting the clearing accounts of those banks selling the Hong Kong dollars to it.

According to an HKMA spokesperson, the decrease in Hong Kong dollar assets was mainly due to fiscal drawdowns.

This week, Joseph Yam, head of Hong Kong's monetary authority, cast some light on the subject in an Adair Turneresque speech.

The HKMA has the authority for giving consent to appointments to the senior management of banks in Hong Kong.

The HKMA 3, organization reporters visited Hong Kong Note printing company, and an introduction of the printing process.

The HKMA intervened in the currency market, but more important were its purchases of Hong Kong equities, which speculators had sold short.

The HKMA is the government authority in Hong Kong responsible for maintaining monetary and banking stability.

The HKMA has worked closely with the banking community to enhance the robustness of Hong Kong's interbank payment system.

We at the HKMA welcome this additional channel of intermediation of savings, which is beneficial to the financial stability of Hong Kong.

This is the task of the Financial Stability Forum, of which Hong Kong, represented by the HKMA, is now a member.

In October, the HKMA's resolve was tested as the Hong Kong dollar hit the upper end of its trading band.

The HKMA and the IMF jointly organized the Conference on Financial integration in Asia and the Role of Hong Kong?

Before joining the HKMA Mr Lau was an Administrative Officer in the Hong Kong Government.

Opening of the HKMA Representative Office in London

The HKMA has previously insisted the Hong Kong dollar's peg to the greenback is the cornerstone of its monetary policy.

The primary responsibility of the Hong Kong Monetary Authority (HKMA) is to safeguard the banking system.

Provide for the keeping of a register by the HKMA of employees of exempt AIs involved in regulated activities;

However, analysts are less convinced that the Hong Kong Monetary Authority will abandon the Hong Kong dollar's link to the dollar.

The HKMA is also trying with the help of an external consultant to build up its own capacity to inspect banks'internet operations

The Hong Kong Monetary Authority is clear enough: its choice of "anchor currency" should take two tests into account.

The HKMA and the banks concerned have already reported the cases to the Hong Kong Police Force for investigation.

Fraudulent letters purporting to be issued by authorized institutions and the HKMA

HKMA issued Revised Guideline on Prevention of Money Laundering

HKMA Annual Report 2003 - Market Infrastructure Chapter: Formal oversight regime for the important clearing and settlement systems

No action: the HKMA normally would not accept offers to sell US dollars

The Hong Kong Monetary Authority, the de facto central bank, has become a reluctant sponge.

Viewpoint: Introducing the work of the HKMA to the public

Chief Representative HKMA London Representative Office

Press Release: HKMA Signs Repurchase Agreement with Reserve Bank of New Zealand

Best Practice Guide on Financial Disclosure by Authorised Institutions(HKMA)

Joseph Yam introduces the work of the HKMA to the public

Existing banks seeking to offer an internet banking service should consult with the HKMA in advance

Recommendations to enhance the supervisory approach of the HKMA

HKMA announces proposals to revise the market entry criteria for the banking sector

According to the Hong Kong Monetary Authority, as of the end of March the territory's banks held just Rmb25. 2bn in renminbi deposits.

Capital measurement for market risk: regulatory requirement of HKMA

Source: HKMA, IMF, Reuters Exchange Fund - Foreign Currency Assets US billion

HKMA Signs Repurchase Agreement with Reserve Bank of New Zealand

Information about the Ordinance and related matters is available at the HKMA website

HKMA relocates its offices to Two International Finance Centre

HKMA welcomes appointment of Henry Tang as Financial Secretary

The HKMA is committed to buying US dollars in exchange for Hong Kong dollars if the exchange rate hits HK$7. 75.

Policy and Procedures on Post-Termination Employment of HKMA Staff

HKMA promotes public awareness of the new banknotes

Copy available for reading at the HKMA Resource Centre Library

Guideline on Role of the Receiving Bank in New Share Issues(HKMA)

Daily release of the HKMA Interbank Liquidity

List of Authorized Institutions under the supervision of the HKMA

HKMA and the International Financial Community

HKMA Resource Centre library catalogue

Press Release: HKMA urges the provision and use of credit enhancement facilities for Asian bond issues

The HKMA education campaign on the new series banknotes

Buying Exchange Fund Notes from the HKMA through Tender

HKMA welcomes the launch of the Asian Bond Fund

Promoting a high level of control awareness throughout the HKMA;

Press Release: HKMA statement on Ming Pao story

Frequently Asked Questions about using the HKMA Website

Review of Retail Payments announced by HKMA

HKMA Urges ADB to Develop the Bond Markets in Asia

Yuan deposits in Hong Kong climbed 4. 8 percent in June to a record 89. 7 billion yuan, according to data released by the HKMA on July 30.

The HKMA and the Insurance Authority has signed a

The latest HKMA Annual Report

The new HKMA website features

The Guideline, which is published in the Government Gazette today, is available at the HKMA website

HKMA to raise interest rates by 25 basis points

HKMA Appoints Standard Chartered Bank as Settlement Institution for the Euro Clearing in Hong Kong

HKMA re-appoints HSBC as Settlement Institution for the US dollar clearing system in Hong Kong

HKMA Appoints HSBC as Settlement Institution for the US Clearing in Hong Kong

Hong Kong and South Korea signed agreements for a reciprocal bilateral linkage between HKMA and KSD

Press Release: Money in Hong Kong: An Exhibition presented by the HKMA

First Company to have won both HKMA Quality Award and Best Employers in Asia - Hong Kong in one year

HKMA (Hong Kong Monetary Authority)

Money in Hong Kong: An Exhibition presented by the HKMA

Hong Kong Monetary Authority (HKMA)

A spokesperson from the Hong Kong Monetary Authority told beyondbrics