Policy Address

Optimising the Supervisory Framework

24.        We have remained vigilant since the onset of the global financial crisis more than a year ago.  We have exercised our best endeavours to ensure financial system stability and strictly performed our supervisory functions.  The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), and the Office of the Commissioner for Insurance (OCI) have strengthened their regulation of financial institutions to ensure proper protection of the public interest.

25.         The HKMA is now looking into the complaints about the Lehman Minibonds.  The HKMA and the SFC will examine how to further strengthen the regulatory regime and enhance investor protection and education before making a full report to the Financial Secretary.  The Government will then follow up as soon as possible.  These measures will help enhance public confidence in our financial system.

 

 

 

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