香港金管局_良好的公司治理、披露和透明在银行稳定中的作用(英文)

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1、Theroleofgoodgovernance,disclosureandtransparencyinbankingstabilityDavidCarseDeputyChiefExecutiveHongKongMonetaryAuthority22February2001IntroductionTwoimportanttrendsinbankingregulationandsupervisionhavebecomeevidentinrecentyearsstressonthekeyroleofthedi

2、rectorsandseniormanagementinensuringthatbanksareprudentlymanagedtheroleofdisclosureandmarketdisciplineinpromotingtheaccountabilityofdirectors/managementandindiscouragingexcessiverisk-takingThesetrendsarethesubjectofthispresentationTheroleofbadcorporatego

3、vernanceintheAsiancrisisWeakcorporategovernanceinAsianbankswasoneofthekeyfactorsintheAsiancrisismanybankswerecontrolledbyowner-managersandtheboardofdirectorsplayedlittlerolebankswereoftenpartsofwiderconglomeratesandwereusedtofundotherpartsofthegrouporthe

4、owners(connectedlending)managementwasnotprofessionalandlackedself-responsibilitygrowthwasmoreimportantthanreturnoncapitalriskmanagementwaspoorThesituationinHongKongCorporategovernanceofHongKongbanksisrelativelygoodbyregionalstandardsashasbeenshownbytheir

5、abilitytosurvivetheAsiancrisisintactHowever,thereweresomeweaknessesintheperformanceoftheboardsofafewlocalbanksduringtheAsiancrisisinthesecases,theboardofdirectorsfailedtoplayaproperleadershiproleToaddressthissituation,theHKMAissuedaguidelineoncorporatego

6、vernanceinlocallyincorporatedauthorizedinstitutionsinMay2000TheroleoftheHKMAPromotionofgoodcorporategovernanceispartofthesupervisoryresponsibilitiesoftheHKMACorporategovernanceisparticularlyimportantforbanksbecauseoftheriskstheytakeonandbecausetheysafegu

7、ardotherpeople’smoneyDirectorsneedtoensurethattherisksinbanksareproperlymanaged,andundertheHongKongBankingOrdinancetheyhaveaspecificlegalresponsibilitytodosoThisdoesnotmeanthatthedirectorsshouldthemselvesformulatepoliciesformanagingrisk,buttheyshouldcert

8、ainlyapprovesuchpoliciesContentsoftheHKMAGuidelineMajorresponsibilitiesoftheboardensurecompetentmanagementapproveobjectives,strategiesandbusinessplansensurethatthebank’soperationsareconductedprudentlyandwithintheframeworko