Regulatory Alerts2022-05-31
Added · Updated
HKMA Supervisory Policy Manual TM-G-2 Business Continuity Planning
The Hong Kong Monetary Authority issues this non-statutory guideline to establish supervisory expectations for Authorized Institutions regarding business continuity planning. The document mandates that Boards and senior management assume ultimate responsibility for establishing robust policies, conducting business impact analyses, and formulating recovery strategies for critical operations. It further requires the development of comprehensive plans including crisis management processes, alternate site selection, and regular testing to ensure resilience against severe but plausible disruptions.
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