Regulatory Alerts2024-05-23
Added · Updated
Supervisory Policy Manual Module CG-6: Competence and Ethical Behaviour
The Hong Kong Monetary Authority issued an updated Supervisory Policy Manual module CG-6 requiring all Authorized Institutions to implement new standards for workforce competence and ethical behavior within 2024. This update integrates supervisory expectations on talent development, specifically mandating measures for manpower planning, upskilling, reskilling, and recruiting. The revised guidelines aim to facilitate the banking industry's efforts in driving the professional development of its practitioners.
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