Publish Date: 1 September 2022 On 31 May 2022, the HKMA released the new Supervisory Policy Manual (SPM) module OR-2 on Operational Resilience. SPM OR-2 aims to set out HKMA’s approach and supervisory expectations on operational resilience by providing guidance on the general principles ...
In the consultation conclusions, the HKMA indicated that it will take an open-minded approach to different forms of outsourcing and will not insist on compliance with the SPM module on “Outsourcing” word by word if the candidate can fulfil the HKMA’s supervisory expectations through alternative...