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Governance and Organisations
| Governance and Organisations | Role |
Last updated: 28 June 2013  
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Governance and Organisation

1. Overview of HKAB's organisational structure

Hong Kong Association of Banks
Disciplinary Committee Committee Consultative Council
Other Committees and Working Groups

2. Committee
The Committee, which is the highest executive body of HKAB, directs and decides the business and policies of the Association. Its composition and powers are laid down in section 8 of the Ordinance, which specifies that there shall be 12 members in all, comprising the 3 continuing members and 9 elected members.

Continuing membership is linked to note-issuing bank status. The 3 continuing members - Bank of China (Hong Kong) Ltd, Standard Chartered Bank (Hong Kong) Ltd and The Hongkong and Shanghai Banking Corporation Ltd - are the note-issuing banks and will hold office for so long as they continue to be the note-issuing banks in the HKSAR. Since 1996, the chairmanship of HKAB alternates every year among the three continuing members.

Among the 9 elected members, 4 are elected from indigenous banks and 5 from overseas banks. These 9 members are elected triennially.

Members of the Committee (2011 - 2014):

Chairman : The Hongkong and Shanghai Banking Corporation Ltd
Vice-Chairmen : Bank of China (Hong Kong) Ltd
Standard Chartered Bank (Hong Kong) Ltd
Elected members : Local bank representatives Foreign bank representatives
The Bank of East Asia, Ltd The Bank of Tokyo-Mitsubishi UFJ, Ltd
Hang Seng Bank Ltd BNP Paribas
Nanyang Commercial Bank Ltd Citibank, N.A.
Wing Lung Bank Ltd Industrial and Commercial Bank of China Ltd
  Bank of Communications Co., Ltd

Activities of the Committee are subject to quarterly review by the Consultative Council (please see section 3).

The Committee is advised on specific topics by various committees and working groups (please see section 5). HKAB member banks, often Committee members, nominate their senior staff to represent HKAB on various external bodies.

3. Consultative Council
The 24-member Consultative Council comprises the 3 continuing members and 21 members elected annually as representatives of the geographical regions specified in the Schedule of the Ordinance.

The Consultative Council advises the Committee on matters relating to the business of banking and also acts as a body for two-way communication between member banks and the Committee. The Chairman reports on HKAB's activities to the Council at its quarterly meeting, when Council members may comment on and raise issues of common interest.

Members of the Consultative Council (2013 - 2014):

Chairman : Standard Chartered Bank (Hong Kong) Ltd
Vice-Chairmen : Bank of China (Hong Kong) Ltd
The Hongkong and Shanghai Banking Corporation Ltd
Elected members : Australia, Indonesia, New Zealand, The Philippines Australia & New Zealand Banking Group Limited
Austria, Norway, Sweden, Switzerland Credit Suisse AG
Belgium, Denmark, France, The Federal Republic of Germany, Italy, The Netherlands, The Republic of Ireland, Spain, United Kingdom ABN AMRO Bank N.V.
BNP Paribas
Deutsche Bank AG
The Royal Bank of Scotland plc
Canada, United States of America Canadian Imperial Bank of Commerce
Citibank, N.A.
JPMorgan Chase Bank, National Association
Hong Kong The Bank of East Asia, Limited
Chong Hing Bank Limited
DBS Bank (Hong Kong) Limited
Hang Seng Bank Ltd.
Shanghai Commercial Bank Ltd.
India, Iran, Malaysia, Pakistan, Thailand, United Arab Emirates Bank of Baroda
Japan The Chugoku Bank Limited
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Korea, Singapore, Taiwan China United Overseas Bank Ltd.
The People's Republic of China Bank of Communications Co., Ltd.
Industrial and Commercial Bank of China Limited

4. Disciplinary Committee
The Ordinance lays down the composition of the Disciplinary Committee, its powers and procedures as well as the penalties that may be imposed on a member which has breached any rules of HKAB. Based on the recommendation by the Disciplinary Committee, the Committee has power to impose penalties, ranging from reprimand to expulsion of membership. However, the need to convene the Disciplinary Committee has never arisen.

5. Other committees and working groups
For more complex, technical or specific topics, HKAB may set up specialised committees or working groups to conduct studies and make recommendations for endorsement by the Committee. The current committees/working groups are:

Other Committees and Working Groups of HKAB

  1. External Affairs Committee
    • Plans, oversees and co-ordinates lobbying and representational activities on issues affecting the industry
    • Establishes and maintains links with banking associations and relevant trade bodies in the mainland of China, Asia Pacific and other financial centres to facilitate the sharing of views

  2. General Rules Committee
    • Handles enquiries relating to General Rules and the International Chamber of Commerce publications

  3. Member Services Committee
    • Provides recommendations to enhance services to members
    • Plans and oversees the implementation of approved member services

  4. Taxation Committee
    • Reviews fiscal and tax issues affecting banks
    • Prepares submissions and suggests / recommends lobbying on issues of relevance to the banking industry

  5. Technical Operations Committee
    • Oversees the clearing and settlement systems for inter-bank payments
    • Monitors operational or technical developments affecting banks

  6. RMB Services Committee
    • Provides a forum to discuss industry-wide issues arising out of the provision of RMB banking services in Hong Kong

Joint Committees/Working Groups of the Financial Industry

  1. Code of Banking Practice Committee
    • Joint Committee of HKAB, the Deposit-taking Companies Association (DTCA) and the HKMA
    • Provides guidance on application of the Code
    • Undertakes regular review of the Code having regard to relevant market developments

  2. Consumer Credit Forum
    • Joint Forum of HKAB, DTCA, HKSAR Licensed Money Lenders Association and The Finance Houses Association of Hong Kong Ltd
    • Provides a forum to discuss and consider consumer-lending and personal bankruptcy related issues affecting the financial industry.

  3. Working Group on Commercial Credit Reference Agency
    • Joint Working Group of HKAB, DTCA and the HKMA
    • Advises the industry on the expansion of the Commercial Credit Reference Agency for the provision of credit information relating to small- and medium-sized enterprises.

  4. e-Banking Working Group
    • Joint Working Group of HKAB, the HKMA and the Hong Kong Police
    • Recommends consumer education on appropriate precautionary measures to enhance e-banking security and formulates guidance on reporting of e-banking incidents.

  5. Financial Service Delivery Channels Committee
    • Joint Working Group of HKAB, the HKMA and the Financial Services and the Treasury Bureau
    • To explore options to provide more people with a wider range of physical channels to enjoy basic banking services.

 
   
   
   
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