Regulatory Alerts2021-09-27
Added · Updated
Regtech Adoption Practice Guide: Governance, Risk and Compliance
The Hong Kong Monetary Authority issued this guide to assist authorized institutions in adopting Governance, Risk and Compliance Regtech solutions to address escalating compliance costs and fragmented risk management. It outlines how electronic-GRC platforms and regulatory horizon scanning tools can centralize obligations, automate workflows, and enhance transparency across the three lines of defense. The document provides practical implementation guidance on maturity assessment, vendor procurement, and change management to ensure successful digital transformation of GRC functions.
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