The Financial Services & the Treasury Bureau and the Monetary Authority are asking for public views on enhancing the Deposit Protection Scheme.
Proposals to be considered during the three-month consultation include a faster payout process to depositors in the event of a bank failure.
The authorities also propose adopting the "gross payout" method to determine compensation, meaning the depositor's compensation will no longer be offset by any outstanding liabilities they may have with the same bank.
Other proposed enhancements include determining the reference date used for calculating the deposit compensation amount to accelerate the calculation; and using electronic communication to notify depositors of compensation arrangements.
The proposed enhancements will strengthen the financial safety net for general depositors, and further consolidate Hong Kong's status as an international financial centre, the bureau said.
You can e-mail your views to the bureau on or before December 12.
