Regulatory Alerts2017-10-06
Added · Updated
Revision of Supervisory Policy Manual Modules CG-1 and IC-1
The Hong Kong Monetary Authority issued revised statutory guidance for Supervisory Policy Manual modules CG-1 and IC-1 to incorporate Basel Committee and Financial Stability Board standards. The updates elaborate on corporate governance responsibilities for boards and senior management while strengthening risk management frameworks, including risk appetite and monitoring procedures. Authorized institutions are required to implement these revised modules by 1 January 2018 and are expected to make reasonable progress toward compliance in the interim period.
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