Panel on Financial Affairs

Special meeting on Thursday, 21 April 2011 at 4:30 pm
in the Chamber of the Legislative Council Building

Agenda

*I.Lehman Brothers Minibonds collateral recovery agreement and related issues
(4:30 pm -6:25 pm)

LC Paper No. CB(1)1775/10-11(01)
(issued on 31 March 2011)

-Letter dated 29 March 2011 from Hon KAM Nai-wai (Chinese version only)

LC Paper No. CB(1)1840/10-11(01)
(issued on 8 April 2011)

-Letter dated 6 April 2011 from Hon KAM Nai-wai (Chinese version only)

LC Paper No. CB(1)1829/10-11(01)
(issued on 8 April 2011)

-Announcement jointly issued by 16 distributing banks entitled "Moving forward together with our customers - A proposal relating to the final resolution of certain series of Lehman Brothers Minibonds" dated 28 March 2011

LC Paper No. CB(1)1829/10-11(02)
(issued on 8 April 2011)

-Announcement issued by PricewaterhouseCoopers (PwC's announcement) entitled "Receivers from PwC reach agreement with Lehman Brothers in respect of Minibonds Collateral" dated 28 March 2011

LC Paper No. CB(1)1829/10-11(03)
(issued on 8 April 2011)

-Questions and answers in respect of the conditional agreement reached with Lehman Brothers over the Minibonds collateral, as mentioned in PwC's announcement

LC Paper No. CB(1)1829/10-11(04)
(issued on 8 April 2011)

-Press release entitled "SFC and HKMA welcomed Minibond collateral recovery agreement" dated 27 March 2011

LC Paper No. CB(1)1944/10-11(01)
(Chinese version attached, English version issued on 15 April 2011)

-Letter dated 15 April 2011 from the Hongkong and Shanghai Banking Corporation Limited

LC Paper No. CB(1)1944/10-11(02)
(issued on 15 April 2011, Chinese version of letter issued on 20 April 2011)

-Letter dated 15 April 2011 from the PricewaterhouseCoopers enclosed with three Appendices

LC Paper No. CB(1)1957/10-11(01)
(issued on 18 April 2011)

-Administration's paper on Lehman Brothers Minibonds collateral recovery agreement and related issues

LC Paper No. CB(1)1974/10-11(01)
(issued on 19 April 2011)

-Responses to questions relating to the final resolution proposal for certain series of Lehman Brothers Minibonds provided by the Distributing Banks

LC Paper No. CB(1)2012/10-11(01)
(attached)

-Background information relating to the final resolution proposal for certain series of Lehman Brothers Minibonds provided by the Distributing Banks

LC Paper No. CB(1)1979/10-11
(English version issued on 19 April 2011, Chinese version issued on 20 April 2011)

-Background brief on the Lehman Brothers Minibonds collateral recovery agreement and related issues prepared by the Legislative Council Secretariat

II.Any other business
(6:25 pm - 6:30 pm)

* Members of the Subcommittee to Study Issues Arising from Lehman Brothers-related Minibonds and Structured Financial Products are invited to join the discussion.

Council Business Division 1
Legislative Council Secretariat
21 April 2011

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