Hong Kong

Review of terms and conditions of banking services other than safe deposit box service

Wendy Yan, KPMG

On 15 June 2005, the Hong Kong Monetary Authority (HKMA) issued a letter to all authorised institutions (AIs) informing them of the summary results of the “Review of Terms and Conditions of Banking Services other than Safe Deposit Box Service” conducted further to its circular of 17 December 2004.