Regulatory Alerts2021-07-29
Added · Updated
Revised SPM Module CG-5 on Remuneration Systems
The Hong Kong Monetary Authority issued a revised Supervisory Policy Manual module CG-5 to align local guidelines with Financial Stability Board standards and Banking Disclosure Rules. The revision strengthens board oversight, addresses misconduct risks through remuneration tools, and clarifies policies for foreign bank branches. Authorized Institutions must ensure their remuneration systems comply with these updated principles by 1 January 2022.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share