Regulatory Alerts2022-07-18
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Regtech Adoption Practice Guide Issue 7: Third-Party Monitoring and Risk Management
The Hong Kong Monetary Authority issued this guide to assist authorized institutions in adopting regulatory technology for third-party monitoring and risk management. It outlines key challenges such as fragmented operating models and data quality issues, while providing implementation guidance on strategy, governance, and technology integration. The document concludes with practical use cases demonstrating how cloud-based platforms and automated risk assessments can enhance operational resilience and compliance.
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