Regulatory Alerts2022-05-31
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HKMA Supervisory Policy Manual OR-2 Operational Resilience
The Hong Kong Monetary Authority issues this non-statutory guideline to establish supervisory expectations for Authorized Institutions regarding operational resilience. The document requires institutions to develop a comprehensive framework that identifies critical operations, sets disruption tolerances, and maps interdependencies to ensure continuity under severe but plausible scenarios. It mandates active Board oversight, rigorous testing of resilience capabilities, and robust incident management to maintain the viability of the financial system.
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