2024-09-27

Added · Updated

Risk Associated with Third-party IT Solutions

The Circular Issuance and Review (CIR) unit issued this directive on September 27, 2024, to address technology risk management for all authorized institutions. The document mandates the adoption of good practices for managing third-party IT solutions to mitigate associated operational risks. It serves as a regulatory update requiring institutions to enhance their oversight of external technology providers.

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Hong Kong Monetary Authority

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CIR

Current

Issue Date:

27 Sep 2024

20241028-8-EN.pdf (169.7 KB)

Topic:

Technology Risk Management - Others

Group:

All Authorized Institutions

Directly related Document

Cross referenced Document

Version History

Superseded Document

Directly related Document

Annex

Current

27 Sep 2024

Annex - Good practices for managing third-party IT solutions

Annex

Current

27 Sep 2024

Annex - Good practices for managing third-party IT solutions

Cross referenced Document

Version History

Superseded Document

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