Regulatory Alerts2008-05-20
Added · Updated
Circular on Internal Controls and Risk Management Function referencing FSF Report
The Hong Kong Monetary Authority issued this circular to draw authorized institutions' attention to the Financial Stability Forum's report on enhancing market and institutional resilience. The regulator strongly supports the FSF's five key recommendations, which include strengthened prudential oversight, enhanced transparency, and robust stress management arrangements. Institutions are advised to review the report and monitor ongoing initiatives, as the HKMA will decide on local implementation plans in due course.
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