Regulatory Alerts2017-10-06
Added · Updated
Risk Management Framework
The Hong Kong Monetary Authority issues this statutory guideline to specify the key elements of a risk management framework that Authorized Institutions must maintain. It mandates robust risk governance structures, including a defined three-lines-of-defense model and a comprehensive risk appetite framework approved by the Board. The document outlines specific responsibilities for the Board and senior management to ensure effective identification, measurement, and control of all material risks across the institution.
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