Regulatory Alerts2026-04-28
Added · Updated
Consultation on Revised SPM Modules CR-S-5, RR-1, and SR-1
The Hong Kong Monetary Authority issues a consultation on revised Supervisory Policy Manual modules, specifically RR-1, to guide Authorized Institutions on effective reputation risk management. The document defines reputation risk and mandates that institutions establish sound processes to identify, assess, and control threats to their standing, ensuring alignment with the HKMA's risk-based supervisory approach. It outlines the regulator's assessment criteria, including capital adequacy reviews and supervisory examinations, while requiring prompt notification of significant reputation events and compliance with related legal obligations.
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