Regulatory Alerts2020-06-18
Added · Updated
Capacity Building for Future Banking
The Hong Kong Monetary Authority, the Hong Kong Association of Banks, and the Hong Kong Institute of Bankers issued this joint paper to identify critical skill gaps in the banking sector for the 2021-2025 period. The document highlights major shortages in technological and data skills, such as artificial intelligence and cybersecurity, alongside deficits in banking knowledge regarding the Greater Bay Area and climate-related risk management. It recommends sound talent management practices including reskilling, redeployment, and recruitment to address these gaps and support the industry's digital transformation and business expansion.
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