Regulatory Alerts2008-12-17
Added · Updated
Supervisory Policy Manual RR-1: Reputation Risk Management
The Hong Kong Monetary Authority issued Supervisory Policy Manual RR-1 to provide Authorized Institutions with comprehensive guidance on managing reputation risk. The document requires institutions to develop or enhance risk management frameworks that are commensurate with their business nature and complexity, prioritizing systematic approaches in light of lessons from the global financial turmoil. While adherence to the specified guidance is expected, institutions may adopt alternative methods if they can demonstrate that such approaches fulfill similar risk management purposes.
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