Regulatory Alerts2022-07-25
Added · Updated
Supervisory Policy Manual Module OR-1 on Operational Risk Management
The Hong Kong Monetary Authority issued Supervisory Policy Manual module OR-1 to establish the regulatory framework for operational risk management within authorized institutions. This revised module outlines the expectations for institutions to identify, assess, monitor, and control operational risks through robust governance and internal controls. It serves as a key reference for supervisory assessments and aligns with related guidelines on corporate governance, business continuity, and risk-based supervisory approaches.
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