Supervisory Policy Manual (SPM): Revised module TM-E-1 on “RiskManagement of E-banking”

The Hong Kong Monetary Authority (HKMA) is issuing a revised version of the SPM module TM-E-1 “Risk Management of E-banking” as a statutory guideline, effective October 25, 2024. This update follows consultations with industry associations and aims to enhance the supervision of e-banking and payment card services. Key changes include an expanded scope to cover payment card transaction controls, consolidation of security measures from various documents, and more principle-based guidance for Authorized Institutions (AIs) to strengthen their risk management practices. The revised module is accessible on the HKMA’s public website. For inquiries, stakeholders can contact the HKMA directly.

Resources: https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2024/20241025e1.pdf