Regulatory Alerts2022-05-31
Added · Updated
Supervisory Policy Manual: Revised Module TM-G-2 on Business Continuity Planning
The Hong Kong Monetary Authority issues this non-statutory guideline to establish supervisory expectations for Authorized Institutions regarding business continuity planning. The document mandates that boards and senior management oversee comprehensive plans that address prolonged disruptions and catastrophic scenarios through rigorous business impact analysis and recovery strategies. It further requires the development of detailed crisis management processes, alternate site selection, and regular testing to ensure the resilience of critical operations.
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