Supervisory Policy Manual RE-1 Recovery Planning

Banking Policy Department Our Ref: B1/15C B1/21C B9/124C 19 June 2020 The Chief Executive All Authorized Institutions Dear Sir / Madam, Supervisory Policy Manual (SPM): RE-1 “Recovery Planning” I am writing to inform you that, following consultation with the two industry Associations, the Monetary Authority issues by notice in the Gazette today a revised version of the SPM module RE-1 “Recovery Planning” (as attached) as a statutory guideline under section 7(3) of the Banking Ordinance. The revised SPM module has incorporated the additional guidance relating to recovery planning set out in the HKMA’s circular of 6 July 2017 (with appropriate modifications), and reflected the latest developments in related local and international standards and practices. On-line access to the SPM module is available under the icon for “Supervisory Policy Manual” on the HKMA’s public (https://www.hkma.gov.hk/eng/) and private (https://www.stet.iclnet.hk) websites. Should you have any questions relating to this SPM module, please contact Mr Raymond Tsui on 2878-1623. Yours faithfully, Daryl Ho Executive Director (Banking Policy) Encl cc: The Chairperson, The Hong Kong Association of Banks The Chairperson, The DTC Association FSTB (Attn: Ms Eureka Cheung)