Deposit Protection Scheme. Lam Wai Hei 053022 Shiu Cheuk Pan 053063 Chu Po Yan 053158 Ho Kei Ying 053156 Ng Kwun Hwa 053033 Ng Man Ho 053126. BCCI Crisis and subsequent bank runs (1991) Introduction of Priority Claims System in Companies Ordinance (1995) Rumor driven bank run (1997)
Deposit Protection Scheme
Lam Wai Hei 053022
Shiu Cheuk Pan 053063
Chu Po Yan 053158
Ho Kei Ying 053156
Ng Kwun Hwa 053033
Ng Man Ho 053126
the DPS can help to meet the following objectives:
Main features of the DPS
Rule of DPS in Hong Kong
Rules made by the Board
"Asset Maintenance Rules"
The Investment Committee
Deposit Protection Appeals Tribunal
Mandates and power:
Provides great protections for small amount deposit.
Fast and guaranteed .
Large amount deposit may still seek protection from bankruptcy law.
AS A WHOLE,
2. enhancement in financial stability
Increase depositors’ confidence.
However, the DPB has only been established for short time
That is too short to evaluate it’s function.