2011-08-04
Added · Updated
The Hong Kong Monetary Authority issued this letter to share sound practices identified during a benchmarking exercise on stress-testing and liquidity risk management among selected authorized institutions. The regulator noted deficiencies in governance, control processes, and risk-mitigating discipline, providing annexes with observed best practices to guide industry implementation. Authorized institutions are reminded to align their operations with these practical insights while maintaining compliance with relevant Supervisory Policy Manual chapters and Basel Committee recommendations.
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