Regulatory Alerts2025-08-18
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Capacity Building for Future Banking, 2026-2030
The Hong Kong Monetary Authority issued a circular requiring authorized institutions to enhance staff capacity building in response to the 'Capacity Building for Future Banking, 2026-2030' study. The regulator mandates that banks adjust training strategies to address high-demand skills in artificial intelligence, cybersecurity, and sustainable finance while fostering adaptive professional competence. Locally incorporated licensed banks must ensure their boards regularly assess the effectiveness of these upskilling and reskilling plans, with the HKMA monitoring compliance through regular evaluations.
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