HKMA gets green light on HK deposit insurance

HONG KONG - Hong Kong's Executive Council has approved in principle a deposit insurance scheme proposal aimed at protecting depositors in the case of bank failures, the Hong Kong Monetary Authority (HKMA) said on Apr 24.

The move gave the HKMA the green light to work on final recommendations on how the mandatory scheme should be structured and how to further strengthen the territory's financial system.

The Executive Council is the advisory cabinet of Hong Kong Chief Executive Tung Chee-hwa."We've

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.