Regulatory Alerts2021-03-19
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Sixth Issue of Regtech Watch
The Hong Kong Monetary Authority issued the sixth Regtech Watch to guide authorized institutions on leveraging technology for treasury risk management. The document details how Regtech solutions can enhance controls for operational, legal, liquidity, and market risks by processing large volumes of trading data across multiple systems. It serves as a reference for strengthening risk management frameworks in treasury operations.
Our Ref: B1/15C 19 March 2021 The Chief Executive All Authorized Institutions Dear Sir/Madam, Sixth Issue of Regtech Watch I enclose the sixth issue of the Regtech Watch for your reference. This issue focuses on how technology applications can help authorized institutions manage risks associated with treasury activities, encompassing operational risk, legal risk, liquidity risk and market risk. It illustrates how Regtech may strengthen risk management controls in treasury operations which involve the scrutiny of a large volume of trading data spanning multiple systems. If your institution has any questions regarding Regtech or any feedback on this newsletter series, please feel free to contact Mr Franky Yick on 2878-1458 or Mr Ken Wong on 2878-1469. Yours faithfully, Raymond Chan Executive Director (Banking Supervision) Encl
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