Firms within scope are expected to comply with the comply with the guidelines. According to the owners manual, the alarm is set by using to power door lock button or using the remote. Today, id like to follow up on the institutes very successful business ethics forum in. Supervisory policy manual hong kong monetary authority. If the hkma considers that any part of the structural positions of an ai is not clearcut, the hkma. Hkma circular on management accountability at registered. Should hong kong adopt a twin peaks model of financial regulation. Locking the doors manually by pushing the lock buttons does not alarm the system. Hong kong monetary authority hkma, supervisory policy manual, tmg2 business continuity planning key highlights.
Business continuity planning supervisory policy manual tmg2 the hong kong monetary authority this manual sets out the hkmas latest supervisory policies and practices, the minimum standards authorized institutions ais are expected to attain in order to satisfy the requirements of the banking ordinance and recommendations on best. For the united states, the dsib list include those financial institutions not being big enough for gsib status, but still with high enough domestic systemically importance making them subject to the most stringent annual stress test usast by the federal reserve. Hkma reporting regulation london stock exchange group. Hktrrpt administration and interface development guide. Introduction and with the glossary, which contains an explanation of abbreviations and other terms used.
Sa 2 outsourcing, ic6 the sharing and use of consumer credit data through a credit reference agency, ic7 the sharing and use of commercial credit data through a commercial credit reference agency. Speech integrity in financial markets and sfcs enhanced. Hkma publishes new supervisory policy manual on credit risk. Hong kong and twin peaks financial sector regulation. Objectivesbased legislation or laws which focus on achieving particular and concrete outcomes has become a new and important tool that financial sector regulators use to tackle large and varied financial system risks. Hkma revises module on counterparty credit risk management. While it seeks to provide practical assistance and explanation, it does not exhaust, prescribe or limit the scope of the boards powers provided in the. List of domestic systemically important banks dsibs dsibs in the us. Finra provides a template for small firms word format 164 kb to assist them in fulfilling their responsibilities to establish the antimoney laundering program. This document is chief executive y ams explanation of the mou, not the. The influence of hong kong banking law on banking reform. Those were the basics with regards to supervisory authorities data protection authorities and that consistency mechanism. Mar 05, 2015 integrity in financial markets and sfcs enhanced supervisory approach hksi institutes sfc executive director series james shipton executive director 5 march 2015 thank youit is an honour to be here today.
Dear sir madam, supervisory policy manual spm ta2 foreign exchange risk management i am writing to inform you that, following consultation with the two industry associations, the hkma is issuing today a revised version of the spm module ta2 foreign exchange risk management. Hong kong monetary authority register of securities. Pdf emergence of fintech and cybersecurity in a global. Conducted it risk compliance assessments for financial services clients with reference to hkma regulatory requirements. The hkma will remain the front line supervisor of the ais securities operation, while the ultimate responsibility for the regulation of intermediaries in the. Supervisory authority general data protection regulation gdpr. The template provides language concerning, among other things, the final customer identification rule. Tools of supervisory regulation print mnb performs its supervisory and consumer protection tasks according to act cxxxix of 20 on the magyar nemzeti bank, eu legislation, hungarian sectorspecific laws, government regulations and other legislation. Fiechter july 2009 abstract this working paper should not be reported as representing the views of the imf. Supervisory policy manual crg5 country risk management v. Assisted in an independent assessment for a multinational bank with compliance to hkma supervisory policy manual and customer data protection circular. Supervisory policy manual cad1 guideline on the application of the banking disclosure rules consultation 1 this module should be read in conjunction with the introduction and with the glossary, which contains an explanation of abbreviations and other terms used in this manual. The following is intended as information only and is not a formal board guideline.
Jacky lee assistant internal audit manager sun hung kai. If reading online, click on blue underlined headings to. Ray wong assistant manager manulife hong kong linkedin. It is a government authority founded on 1 april 1993 when the office of the exchange fund and the office of the commissioner of banking merged. Governance practices at financial regulatory and supervisory. Regulatory update hong kong the hong kong monetary authority hkma issued a new supervisory policy manual spm on op risk management in late november. Guidance on complying with regulatory requirements applicable to banks using dynamics 365 last updated. Business continuity planning supervisory policy manual tmg2 the hong kong monetary authority circular to licensed corporations business continuity planning against serious communicable diseases securities and futures commission of hong kong hkma supervisory policy manual, bcp tmg2 v1 02. Supervisory policy manual ta2 foreign exchange risk management v. South africa national cybersecurity policy framework 2016. Supervisory policy manual ic3 reporting requirements rela ting to authorized institutions external auditors under the banking ordinance consultation 1 this module should be read in conjunction with the introduction and with the glossary, which contains an explanation of abbreviations and other terms used in this manual. Regulation process maps, hkma supervisory policy manual. Hkma issued guidance on management accountability, at registered institutions, for conducting or supervising the conduct of businesses that constitute regulated activities. The module was revised primarily to incorporate the relevant international standards and guidelines.
Response to the hkma consultation on supervision of regulated. Each member state shall provide for one or more independent public authorities to be responsible for monitoring the application of this regulation, in order to protect the fundamental rights and freedoms of natural persons in relation to processing and to facilitate the free flow of personal data within the union supervisory authority. Prudential supervision of banks in the south african context. List of information security and business continuity legislation. Pdf hong kong and twin peaks financial sector regulation. Supervisory policy manual sa 1 riskbased supervisory approach v. While the supervisory policy manual does not itself have the force of law, any failure to adhere to any of the guidelines set out in it may call into question whether an ai continues to satisfy the minimum criteria for authorisation under the banking ordinance. The central bank of ireland does not, at this point, propose amendments to the legal framework. This manual sets out the hkma s latest supervisory policies and practices, the minimum standards authorized institutions ais are expected to attain in order to satisfy the requirements of the banking ordinance and recommendations on best practices that ais should aim to achieve. Hong kong monetary authority supervisory policy manual. Hong kong monetary authority, with the china banking regulatory commission aug. Supervisory management skills enterprises university of. Details may vary from bank to bank, as practical application of this guidance should be customized to be commensurate with a banks risk exposures, its business activities, and the complexity and extent of its model use. The hong kong monetary authority hkma has published a new supervisory policy manual module on credit risk transfer activities, in a bid to help banks to set up a sound risk management system for such activities.
This manual sets out the hkmas latest supervisory policies and practices, the minimum standards authorized institutions ais are expected to attain in order to satisfy the requirements of the banking ordinance and. The recommendation was based in part on a perceived need. Supervisory policy manual crg8 large exposures and risk concentrations v. Hkma hong kong monetary authority hkma circulars 2014 hkma circulars 20 hkma circulars 2012 hkma circulars 2011 hkma supervisory policy manual hkma guidelines hkma banking policy and supervision cap155 banking ordinance sample process maps for hkma regulations hkma circulars 2010 sfc securities and futures commission sfc codes, guidelines. Hkma supervisory policy manual, risk management of ebanking. European supervisory authority guidelines central bank of. Emergence of fintech and cybersecurity in a global financial centre. The purpose of prudential supervision of banks in south africa is to ensure the safety and soundness of the south african banking system and to contribute to the stability of the financial sector. Lead supervisory authority, concerned supervisory authority, sanctions and international matters. The register of securities staff of ais is a database of current and former relevant individuals, i. Regulatory update hkma releases supervisory manual. Governance practices at financial regulatory and supervisory agencies prepared by steven seelig and alicia novoa. This guidance paper should be read in conjunction with.
Supervisory arrangements and supervision and control. The central bank of ireland intends to comply with the guidelines and will incorporate them into its ongoing supervisory practices and processes. The administration and interface development guide aidg package contains technical specifications to be observed by users subscribing to and making use of the reporting service. The hkma issues guidance to ais through its supervisory policy manual. Hkma issued a guidance note with the revised version of the supervisory policy manual spm module crg on counterparty credit risk ccr management for authorized institutions. The guidance is set out in the form of a list of frequently asked questions.
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