Regulatory Alerts2020-03-16
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Second Issue of Regtech Watch
The Hong Kong Monetary Authority issued the second Regtech Watch newsletter focusing on technology applications in credit risk management. The document highlights key challenges in credit underwriting and risk management processes while sharing use cases of banks applying machine learning models to address these issues. Contact details for technology and credit risk inquiries are provided for authorized institutions seeking further information.
Our Ref.: B1/15C 16 March 2020 The Chief Executive All Authorized Institutions Dear Sir/Madam, Second Issue of Regtech Watch The Hong Kong Monetary Authority published today the second issue of Regtech Watch. This issue focuses on technology applications in credit risk management. It highlights the key challenges in credit underwriting and risk management processes and shares use cases of banks that apply machine learning models and other technologies to overcome these challenges. If your institution has any questions regarding this newsletter series, please feel free to contact Mr Alvin Li on 2878-1458 (on technology aspects) or Ms Irene Tse on 2878- 1870 (on credit risk aspects). Yours faithfully, Raymond Chan Executive Director (Banking Supervision) Encl.
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