Regulatory Alerts2020-09-18
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Fourth Issue of Regtech Watch
The Hong Kong Monetary Authority issued the fourth Regtech Watch to highlight technology applications in conduct risk management. The document outlines key challenges in identifying and quantifying conduct risk due to diverse misconduct forms and complex data analysis requirements. Authorized institutions are encouraged to study the provided use cases to strengthen their conduct risk management practices.
Our Ref: B1/15C 18 September 2020 The Chief Executive All Authorized Institutions Dear Sir/Madam, Fourth Issue of Regtech Watch I enclose the fourth issue of the Regtech Watch for your reference. This issue focuses on technology applications in conduct risk management. It highlights the key challenges to identify and quantify conduct risk given the numerous forms in which misconduct can take and the wide scope of data to be amalgamated and analysed. Authorized institutions are encouraged to study the use cases outlined in the newsletter in their exploration of the use of technology to strengthen conduct risk management. If your institution has any questions regarding Regtech or any feedback on this newsletter series, please feel free to contact Mr Patrick Chang on 2878-8561. Yours faithfully, Raymond Chan Executive Director (Banking Supervision) Encl
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