Regulatory Alerts2025-01-20
Added · Updated
Sharing of good industry practices for implementing operational resilience framework
The Hong Kong Monetary Authority issued this letter to share observations of good industry practices for conducting mapping exercises and scenario testing to support the implementation of the operational resilience framework under SPM module OR-2. The regulator notes that all Authorized Institutions are on track to achieve full compliance by May 2026, with major retail banks tightening disruption tolerance limits to enhance recovery capabilities for critical operations. Institutions are encouraged to apply the summarized good practices for mapping, testing, and remediation commensurate with their risk profiles while prioritizing remaining tasks to meet the regulatory deadline.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.