HKMA issues incident response and management procedures

The Hong Kong Monetary Authority (HKMA) has issued new guidance on how financial institutions should act in the response to "significant incidents" or operational risk events.

The guidance, issued in June to all financial services firms, reminds them to ensure they are quick to respond to any suspected incidents to contain the problem and safeguard the interests of customers. Firms must "proactively notify the customers affected or likely to be affected" as well as advise them how to claim for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: