Regulatory Alerts2001-12-28
Added · Updated
Supervisory Policy Manual SA-2: Outsourcing
The Hong Kong Monetary Authority issued Supervisory Policy Manual SA-2 to establish regulatory standards for the outsourcing of banking functions by authorized institutions. The policy outlines the internal control requirements and risk management frameworks that institutions must implement when engaging third-party service providers. It ensures that outsourcing arrangements do not compromise the institution's ability to comply with applicable laws and maintain adequate operational resilience.
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