Regulatory Alerts2024-09-27
Added · Updated
Risk Associated with Third-party IT Solutions
The Hong Kong Monetary Authority issued this circular to address technology risk management for all authorized institutions regarding third-party IT solutions. The document establishes supervisory expectations for managing risks associated with the use of external IT services and providers. It aims to ensure that institutions maintain robust governance and oversight over their third-party IT dependencies to mitigate operational and security threats.
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