Regulatory Alerts2020-01-09
Added · Updated
Self-Assessment of Compliance with the Code of Banking Practice 2019
The Hong Kong Monetary Authority issued this circular on January 9, 2020, to require all Authorized Institutions to conduct a self-assessment of their compliance with the Code of Banking Practice 2019. The document serves as an enclosure containing the specific reporting template that institutions must use to evaluate and report their adherence to the established banking conduct standards. This regulatory update ensures that financial institutions maintain rigorous internal controls and transparency regarding their operational practices under the 2019 Code.
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