Guideline 2022 status not recorded
Supervisory Policy Manual OR-2: Operational Resilience
Issued by Hong Kong Monetary Authority
Summary
Non-statutory HKMA module dated 31 May 2022. The board approves the criteria and list of critical operations and the tolerance for disruption and reviews them at least annually (3.3); section 9.2 allows one year to build the framework and up to three more years to become fully resilient.
Topics: Cybersecurity & IT Risk Operational Risk & Outsourcing
Who it applies to
Banking
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Operational resilience framework approved and reviewed by the board | Frequency Annual review of parameters; 1 year + up to 3 years to implement | HKMA | official | |
SPM OR-2 (31 May 2022) has the board approve the framework, the list of critical operations, the tolerance for disruption and the severe but plausible scenarios, reviewed at least annually (3.3). Section 9.2 allows one year to build the framework and up to three further years to become fully resilient. |
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| No obligations match these filters. | ||||
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