Regulatory Alerts2005-11-28
Added · Updated
Supervisory Policy Manual SPM OR-1 Operational Risk Management
The Hong Kong Monetary Authority issued Supervisory Policy Manual OR-1 to establish standards for operational risk management among all authorized institutions. The document outlines the regulatory expectations for governance, risk identification, assessment, monitoring, and mitigation processes. It serves as the foundational guidance for ensuring robust operational risk frameworks within the local banking sector.
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