Regulatory Alerts2020-12-18
Added · Updated
Enhanced Competency Framework on Operational Risk Management
The Hong Kong Monetary Authority issued this circular on 18 December 2020 to establish an enhanced competency framework for operational risk management. The directive applies to all authorized institutions and requires them to develop and maintain specific competencies to effectively manage operational risks. This framework aligns with broader capacity building initiatives previously introduced for credit risk and anti-money laundering compliance.
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