Regulatory Alerts2007-12-12
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Supervisory Policy Manual SPM SR-1: Strategic Risk Management
The Hong Kong Monetary Authority issued Supervisory Policy Manual SPM SR-1 to provide Authorized Institutions with comprehensive guidance on managing strategic risk. The document requires institutions to develop a strategic risk management framework commensurate with their business nature and size, while allowing for alternative approaches that achieve similar risk management purposes. Although immediate full compliance is not mandated, institutions must identify necessary improvements and make steady progress within a reasonable timeframe under HKMA monitoring.
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