Regulatory Alerts2022-05-31
Added · Updated
Supervisory Policy Manual: New Module OR-2 on Operational Resilience and Revised Module TM-G-2 on Business Continuity Planning
The Hong Kong Monetary Authority issued this circular on 31 May 2022 to introduce new module OR-2 on Operational Resilience and revise module TM-G-2 on Business Continuity Planning for all authorized institutions. The updated framework requires financial institutions to identify important business services, set impact tolerances, and map dependencies to ensure they can withstand and recover from operational disruptions. These changes align supervisory expectations with evolving risks, mandating robust testing and reporting mechanisms to maintain critical functions during severe stress scenarios.
CIR
Current
Issue Date:
31 May 2022
20220531-1-EN.pdf (262.0 KB)
Topic:
Business Continuity Planning
Operational Risk Management - Others
Technology Risk Management - Others
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
SPM-NGL
Current
31 May 2022
OR-2 Operational Resilience
Annex
Current
31 May 2022
Enclosure - Revised module TM-G-2 on “Business Continuity Planning”
SPM-NGL
Current
25 Jul 2022
OR-1 Operational Risk Management
SPM-NGL
Current
28 Dec 2001
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SPM-NGL
Current
31 May 2022
OR-2 Operational Resilience
Annex
Current
31 May 2022
Enclosure - Revised module TM-G-2 on “Business Continuity Planning”
SPM-NGL
Current
25 Jul 2022
OR-1 Operational Risk Management
SPM-NGL
Current
28 Dec 2001
SA-2 Outsourcing
Version History
Superseded Document
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