Regulatory Alerts2022-05-25
Added · Updated
Final Report on Focused Review on Incentive Systems of Front Offices in Retail Banks
The Hong Kong Monetary Authority issued this final report to conclude its focused review of incentive systems within the front offices of retail banks. The document outlines specific expectations for authorized institutions to align compensation structures with prudent risk management and long-term sustainability. It mandates that banks implement robust governance frameworks to ensure that incentive schemes do not encourage excessive risk-taking or undermine ethical conduct.
CIR
Current
Issue Date:
25 May 2022
20220525-1-EN.pdf (216.5 KB)
Topic:
Banking Conduct & Enforcement - Bank Culture
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
25 May 2022
Annex - Final Report on Focused Review on Incentive Systems of Front Offices in Retail Banks
CIR
Current
23 Nov 2021
Interim Report on Focused Review on Incentive Systems of Front Offices in Retail Banks
CIR
Current
16 Mar 2021
Focused Review on Incentive Systems of Front Offices in Retail Banks
CIR
Current
02 Mar 2017
Bank Culture Reform
Annex
Current
25 May 2022
Annex - Final Report on Focused Review on Incentive Systems of Front Offices in Retail Banks
CIR
Current
23 Nov 2021
Interim Report on Focused Review on Incentive Systems of Front Offices in Retail Banks
CIR
Current
16 Mar 2021
Focused Review on Incentive Systems of Front Offices in Retail Banks
CIR
Current
02 Mar 2017
Bank Culture Reform
Version History
Superseded Document
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