Regulatory Alerts2021-10-25
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Regtech Skills Framework
The Hong Kong Monetary Authority issued a letter outlining a Regtech Skills Framework to address talent shortages identified in its White Paper. The framework utilizes a skills matrix covering soft, compliance, business, and technology domains to assess gaps across authorized institutions and providers. The HKMA aims to launch an Enhanced Competency Framework on Fintech by late 2021, incorporating Regtech training and accreditation to guide industry skill development.
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