Regulatory Alerts2015-12-18
Added · Updated
Enhanced Competency Framework for Banking Practitioners
The Hong Kong Monetary Authority issued this circular on 18 December 2015 to establish an enhanced competency framework for all authorized institutions. The directive mandates that banking practitioners maintain and develop specific professional competencies to ensure high standards of operational integrity and risk management. This framework serves as a foundational capacity building requirement for the banking sector, superseding previous guidelines to align with evolving industry needs.
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