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 the seventh issue of its Regtech Adoption Practice Guide to provide implementation guidance for banks adopting third-party monitoring and risk management solutions. The document advises financial institutions on utilizing Regtech to effectively manage risks associated with third parties while maintaining operational efficiency. It aims to help banks address specific challenges in third-party management to ensure a stable business environment.
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