European supervisory authority guidelines central bank of. Supervisory policy manual crg8 large exposures and risk concentrations v. Supervisory policy manual sa 1 riskbased supervisory approach v. 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. Supervisory authority general data protection regulation gdpr. The hkma issues guidance to ais through its supervisory policy manual.
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. Supervisory policy manual hong kong monetary authority. Governance practices at financial regulatory and supervisory agencies prepared by steven seelig and alicia novoa. The recommendation was based in part on a perceived need. 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. Emergence of fintech and cybersecurity in a global financial centre. The module was revised primarily to incorporate the relevant international standards and guidelines. Prudential supervision of banks in the south african context.
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. 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. 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. Hkma revises module on counterparty credit risk management. Hong kong monetary authority register of securities. The guidance is set out in the form of a list of frequently asked questions. List of information security and business continuity legislation. Ray wong assistant manager manulife hong kong linkedin. Regulatory update hong kong the hong kong monetary authority hkma issued a new supervisory policy manual spm on op risk management in late november. Hkma issued guidance on management accountability, at registered institutions, for conducting or supervising the conduct of businesses that constitute regulated activities. If reading online, click on blue underlined headings to. 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. South africa national cybersecurity policy framework 2016. 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.
Supervisory arrangements and supervision and control. Supervisory policy manual ta2 foreign exchange risk management v. Should hong kong adopt a twin peaks model of financial regulation. Supervisory management skills enterprises university of. Speech integrity in financial markets and sfcs enhanced. 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. Conducted it risk compliance assessments for financial services clients with reference to hkma regulatory requirements. Hkma publishes new supervisory policy manual on credit risk. List of domestic systemically important banks dsibs dsibs in the us. Hkma reporting regulation london stock exchange group. According to the owners manual, the alarm is set by using to power door lock button or using the remote. Hong kong monetary authority hkma, supervisory policy manual, tmg2 business continuity planning key highlights. Supervisory policy manual crg5 country risk management v. Those were the basics with regards to supervisory authorities data protection authorities and that consistency mechanism.
Guidance on complying with regulatory requirements applicable to banks using dynamics 365 last updated. Fiechter july 2009 abstract this working paper should not be reported as representing the views of the imf. 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. The central bank of ireland intends to comply with the guidelines and will incorporate them into its ongoing supervisory practices and processes. 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. Jacky lee assistant internal audit manager sun hung kai. Hktrrpt administration and interface development guide. The following is intended as information only and is not a formal board guideline. Locking the doors manually by pushing the lock buttons does not alarm the system. Finra provides a template for small firms word format 164 kb to assist them in fulfilling their responsibilities to establish the antimoney laundering program.
Response to the hkma consultation on supervision of regulated. Assisted in an independent assessment for a multinational bank with compliance to hkma supervisory policy manual and customer data protection circular. Hkma circular on management accountability at registered. 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 guidance paper should be read in conjunction with.
Pdf emergence of fintech and cybersecurity in a global. 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. Hong kong and twin peaks financial sector regulation. Hkma supervisory policy manual, risk management of ebanking. 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. 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. Governance practices at financial regulatory and supervisory. 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.
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. Regulation process maps, hkma supervisory policy manual. Regulatory update hkma releases supervisory manual. 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. The influence of hong kong banking law on banking reform. 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. If the hkma considers that any part of the structural positions of an ai is not clearcut, the hkma. The hkma will remain the front line supervisor of the ais securities operation, while the ultimate responsibility for the regulation of intermediaries in the.
Lead supervisory authority, concerned supervisory authority, sanctions and international matters. The template provides language concerning, among other things, the final customer identification rule. 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. Pdf hong kong and twin peaks financial sector regulation. Hong kong monetary authority, with the china banking regulatory commission aug. Firms within scope are expected to comply with the comply with the guidelines. The register of securities staff of ais is a database of current and former relevant individuals, i.
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