Regulatory Alerts2022-07-18
Added · Updated
Regtech Adoption Practice Guide Issue 7: Third-Party Monitoring and Risk Management
The Hong Kong Monetary Authority issued this practice guide to provide guidance on third-party monitoring and risk management for authorized institutions adopting Regtech solutions. The document outlines expectations for managing risks associated with outsourcing and third-party service providers within the context of technology adoption. It aligns with broader operational risk and resilience frameworks to ensure robust control environments for financial institutions.
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