PETALING JAYA: The Hong Kong Monetary Authority, Bank Negara and the Monetary Authority of Singapore have established a tripartite working group to exit the full deposit guarantee by end-2010.
The announcement on the setting up of the working group to map out a coordinated strategy for the scheduled exit in the respective country’s jurisdiction was made at the Executives’ Meeting of East Asia-Pacific Central Banks Governors’ Meeting in Hong Kong yesterday.
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