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 Regtech adoption. It addresses internal controls regarding the insourcing and outsourcing of functions for all authorized institutions. The document outlines specific requirements for managing risks associated with third-party service providers in the fintech sector.
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